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1815 East Chevy Chase Drive

Martiros Nav Acquires Multifamily Property In Glendale From Bradley Chris For $3.08M
SOLDMultiFamily

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

Greg Alexanian

Alexanian Apartment Advisors

Broker

$269.6M

vol

53 deals

Broker
Alexanian Apartment Advisors
Alexanian Apartment AdvisorsBrokerage

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