Updated Nov 10, 2026
Rita Johnson Acquires Multifamily Property In Glendale For $1,701,997 With Broker Andy Kawatra
1913 Verdugo Loma Drive
$1,701,997
$441/SF
Building Size
3,858 SF
Asset Type
MultiFamily
Closing
Nov 2, 2026
About this deal
AI
This multifamily property located at 1913 Verdugo Loma Drive in Glendale was sold for $1,701,997. The property comprises 3 units and offers a total square footage of 3,858, resulting in a price per unit of $567,332 and a price per square foot of $441.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,701,997
- Units: 3
- Square Footage: 3,858
- Price Per Unit: $567,332
- Price Per Square Foot: $441
- Buyer: Rita Johnson
- Seller: Steven Steuart
- Buyer's Representative: Andy Kawatra - Equity Union Commercial
- Date of Sale: 11/02/2026
The buyer, Rita Johnson, acquired the property with the representation of Andy Kawatra, who specializes in multifamily investments and has 16 years of experience in the real estate market. The transaction highlights Kawatra's commitment to assisting property owners in navigating market dynamics and achieving successful sales in the Burbank and Glendale areas.
On the Map
$1,701,997
$441/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.32%
Cash-on-Cash
-2.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93