Updated Dec 21, 2023
Greg Alexanian Acquires Multifamily Property In Glendale For $4.7M
139 North Belmont Street, Glendale, CA 91206, USA
$4,700,000
$405/SF
Building Size
11,590 SF
Asset Type
MultiFamily
Closing
Dec 5, 2019
About this deal
AI
The multifamily property located at 139 N Belmont St in Glendale has been sold for a price of $4,700,000. The property spans across a total area of 11,590 square feet, offering 18 units to its residents. The price per square foot for this transaction is calculated to be $405.52. This sale was finalized on December 6, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Square Footage: 11,590
- Units: 18
- Price per Square Foot: $405.52
Greg Alexanian, from Alexanian Advisors, represented the involved parties in this transaction. Their expertise and negotiation skills led to the successful completion of this sale.
Glendale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93