Updated Sep 9, 2024
Steve Snyder Acquires 14-Unit Multifamily In Glendale, CA For $4.15M
332 W Lomita Ave Glendale, Ca 91204, Usa
$4,150,000
$367/SF
Building Size
11,300 SF
Asset Type
MultiFamily
Closing
Jun 22, 2023
About this deal
AI
The multifamily property located at 332 W Lomita Ave in Glendale, CA recently closed in a sale transaction. The property consists of 14 units with a total square footage of 11,300. The sale price for this transaction was $4,150,000, resulting in a price per unit of $296,429 and a price per square foot of $367.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Units: 14
- Price per Unit: $296,429
- Square Footage: 11,300
- Price per Square Foot: $367
The buyer in this transaction was Steve Snyder, while the seller was John Hayrapetian. Greg Alexanian from Alexanian Apartment Advisors represented both parties as the broker. The successful completion of this sale highlights the expertise of Greg Alexanian in facilitating multifamily property transactions.
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93