Vanessa Gonzalez Acquires MultiFamily In Glendale From Michael Blum For $1.76M
SOLD
$1,760,000
California
See Similar DealsMultiFamily3,145 SF
Sold 07/24/2023
SOLD
Vanessa Gonzalez Acquires MultiFamily In Glendale From Michael Blum For $1.76M
1443 E Maple St Glendale, CA 91205, USA
See Similar DealsMultiFamily3,145 SF
Sold 07/24/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$559
Total Square Footage:3,145 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,252.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,343.30
Annual Debt Service$100,119.57
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