Martiros Nav Acquires Multifamily Property In Glendale From Bradley Chris For $3.08M
SOLD
$3,080,000
California
See Similar DealsMultiFamily8,278 SF
Sold 05/01/2025
SOLD
Martiros Nav Acquires Multifamily Property In Glendale From Bradley Chris For $3.08M
1815 East Chevy Chase Drive
See Similar DealsMultiFamily8,278 SF
Sold 05/01/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$372
Total Square Footage:8,278 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,942.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,600.77
Annual Debt Service$175,209.26
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