Updated Dec 21, 2023
Marcus & Millichap Sells Glendale Multifamily For $1.57M With Broker Representatives Filip Niculete, Glen Scher & Rick Ramirez
1443 East Maple Street, Glendale, CA 91205, USA
$1,575,000
$500/SF
Building Size
3,145 SF
Asset Type
MultiFamily
Closing
Feb 13, 2019
About this deal
AI
A multifamily property located at 1443 E Maple St in Glendale was sold for $1,575,000. The property spans 3,145 square feet and consists of 6 units, resulting in a price per square foot of $500.79. The price per unit for this transaction was $262,500. The capitalization rate for this property is 3.76% and the gross rent multiplier is 16.97. The sale took place on February 14, 2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Square Footage: 3,145
- Units: 6
- Price per Square Foot: $500.79
- Price per Unit: $262,500
- Capitalization Rate: 3.76%
- Gross Rent Multiplier: 16.97
The transaction was facilitated by the brokers Filip Niculete, Glen Scher, and Rick Ramirez from Marcus & Millichap. They represented the parties involved in the deal.
Players
Glendale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Glen Scher to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93