Updated Nov 20, 2023
Gregory H. Alexanian Acquires Multi Family In Glendale For $7.45M
210 East Chestnut Street, Glendale, CA, USA
$7,450,000
$364/SF
Building Size
20,465 SF
Asset Type
MultiFamily
Closing
Nov 28, 2018
About this deal
AI
A multi-family property located at 204-210 E Chestnut in Glendale has been sold for $7,450,000. The property spans 20,465 square feet and has a price per square foot of $364. It consists of 27 units.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $7,450,000
- Address: 204-210 E Chestnut, Glendale
- Market: Glendale
- Square Footage: 20,465
- Price per Square Foot: $364
- Units: 27
The sale was facilitated by Gregory H. Alexanian from Alexanian Apartment Advisors. They are currently transacting $43,000,000 in the Glendale and Burbank apartment market, representing over 55% market share. To date, they have closed deals for 2,900 units.
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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93