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144 Carr Drive, Glendale, C...

Monat Lee Acquires 8-Unit Glendale Multifamily For $2.85M
SOLDMultiFamily

Monat Lee Acquires 8-Unit Glendale Multifamily For $2.85M

144 Carr Drive, Glendale, California 91205, United States

$2,850,000

$367/SF

Building Size

7,764 SF

Asset Type

MultiFamily

Closing

Jun 9, 2022

AI

The multifamily property located at 144 Carr Dr. in Glendale has been sold in a recent transaction. The sale price for the property was $2,850,000. The property consists of 8 units, with a price per unit of $356,250. It spans across an area of 7,764 square feet, with a price per square foot of $367.

Summary of transation details

  • Property Type: Multifamily
  • Sale Price: $2,850,000
  • Units: 8
  • Price Per Unit: $356,250
  • Square Feet: 7,764
  • Price Per Square Foot: $367
  • Address: 144 Carr Dr., Glendale
  • Market: Glendale

The buyer of the property is Monat Lee, while the seller is Steve Caroll. The transaction was facilitated by Greg Alexanian, representing Alexanian Apartment Advisors as the broker.

For more information and inquiries about valuation or investment opportunities in the Glendale area, interested parties can contact Alexanian Apartment Advisors at (818) 239-1206 or via email at [email protected]. Additional information can also be found on their website at www.alexanianadvisors.com.

Please note that Alexanian Apartment Advisors has an extensive track record, having closed over $1 billion in transactions and represented 3,200 units in the Glendale and surrounding submarkets.

Deuteronomy 28:8

Dre: 00911091. 01513975

Players

Greg Alexanian

Alexanian Apartment Advisors

Broker

$269.6M

vol

53 deals

Broker

Monat Lee

Buyer

$20.5M

vol

6 deals

Buyer

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93