Updated Sep 9, 2024
Monat Lee Sells Glendale Multifamily Portfolio For $6.1M Via Greg Alexanian - Alexanian Apartment Advisors
1628 Glencoe Way
$6,075,000
$449/SF
Building Size
13,528 SF
Asset Type
MultiFamily
Closing
Sep 16, 2022
About this deal
AI
The multifamily property located at 1628 Glencoe Way in Glendale has been sold in a closed transaction. The property is part of a 3-property portfolio sale, which was sold off-market to a single buyer. The portfolio includes two additional properties located at 336 W Wilson and 4539 Orin Ave.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $6,075,000
- Units: 15
- Price per Unit: $405,000
- Square Footage: 13,528
- Price per Square Foot: $449
- Market: Glendale
The seller of the property is Monat Lee, and the broker representing the sale is Greg Alexanian from Alexanian Apartment Advisors.
A note from the broker highlights their ability to achieve their clients' investment goals despite volatile market conditions. They encourage interested parties to contact them for maximum representation in their investments.
Contact information for Alexanian Apartment Advisors:
Email: [email protected]
Phone: (818) 239-1206
Twitter: @Alexanianadvisors
On the Map
$6,075,000
$449/SF
MultiFamily
View full map
Players
Bristol MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Greg Alexanian to view all their deals.
Browse Bristol multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.61%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93