Updated Nov 20, 2023
Gregory H. Alexanian Acquires Multi Family Property In La Canada Flintridge For $1.65M
2164 La Canada Crest Drive, La Cañada Flintridge, L A, CA 91011, USA
$1,650,000
$354/SF
Building Size
4,650 SF
Asset Type
MultiFamily
Closing
Nov 19, 2018
About this deal
AI
Located in La Canada Flintridge, the property at 2164 La Canada Crest Drive recently sold in a closed transaction. The multi-family asset consists of four units and spans a total of 4,650 square feet. The sale took place on November 20, 2018, with a sale price of $1,650,000, resulting in a price per square foot of $354.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,650,000
- Address: 2164 La Canada Crest Drive
- Market: La Canada Flintridge
- Units: 4
The transaction was facilitated by Gregory H. Alexanian of Alexanian Apartment Advisors. Please note that Alexanian Apartment Advisors is currently involved in multiple transactions within the Glendale and Burbank apartment market, totaling $43,000,000 and representing over 55% market share. To date, they have closed on 2,900 units.
La Canada Flintridge 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93