Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,760,000
$559/SF
MultiFamily
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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