Martiros Nav Acquires Multifamily Property In Glendale From Bradley Chris For $3.08M
1815 East Chevy Chase Drive
$3,080,000
$372/SF
Building Size
8,278 SF
Asset Type
MultiFamily
Closing
May 1, 2025
AI
The asset involved in this transaction is a multifamily property located at 1815 East Chevy Chase Drive in Glendale. The sale price for the property was $3,080,000. This property comprises 8 units and has a total square footage of 8,278. The price per unit is calculated at $385,000, while the price per square foot is approximately $372.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,080,000
- Units: 8
- Price Per Unit: $385,000
- Square Footage: 8,278
- Price Per Square Foot: $372
- Buyer: Martiros Nav
- Seller: Bradley Chris
- Broker: Greg Alexanian - Alexanian Apartment Advisors
The transaction features Martiros Nav as the buyer, acquiring the property from seller Bradley Chris. Greg Alexanian, representing the seller, facilitated the deal through Alexanian Apartment Advisors. A noteworthy mention from the broker includes Matthew 6:33.
Players
Glendale 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
5.15%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93