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1443 E Maple St Glendale, C...

Vanessa Gonzalez Acquires MultiFamily In Glendale From Michael Blum For $1.76M
SOLDMultiFamily

Vanessa Gonzalez Acquires MultiFamily In Glendale From Michael Blum For $1.76M

1443 E Maple St Glendale, CA 91205, USA

$1,760,000

$559/SF

Building Size

3,145 SF

Asset Type

MultiFamily

Closing

Jul 24, 2023

AI

The property at 1443 East Maple Street in Glendale has been sold in a recent transaction. The multi-family asset consists of 6 units with a total square footage of 3,145. The sale price for the property was $1,760,000, resulting in a price per unit of $293,333. The price per square foot was calculated at $560.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,760,000
  • Units: 6
  • Price per Unit: $293,333
  • Square Footage: 3,145
  • Price per Square Foot: $560

The buyer of the property is Vanessa Gonzalez, while the seller is Michael Blum. The sale was facilitated by Rick Ramirez and Chris Kim from Ally Commercial Real Estate, who served as the brokers in the deal.

Players

Rick Ramirez

Ally Commercial Real Estate

Broker

$82.9M

vol

22 deals

Broker

Los Angeles 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

9.01%

Cash-on-Cash

-2.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93