Updated Dec 19, 2023
Greg Alexanian Sells Multifamily Property In Glendale For $2.52M
3353 Montrose Avenue, Glendale, CA, USA
$2,520,000
$331/SF
Building Size
7,594 SF
Asset Type
MultiFamily
Closing
Mar 5, 2020
About this deal
AI
3353 Montrose Ave in Glendale was recently sold for $2,520,000. The property is a multifamily asset with a total square footage of 7,594. It consists of 5 units, making the price per unit $504,000. The price per square foot for this transaction was $331.84.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,520,000
- Address: 3353 Montrose Ave
- Market: Glendale
The sale was facilitated by Greg Alexanian, representing the buyer and seller in this deal.
The multifamily sale at 3353 Montrose Avenue, Glendale, CA, USA in Glendale, California sold for $2.5M in 2020. Reported inventory is 7,594 square feet across 5 units, or about 331 per square foot. Greg Alexanian, Alexanian Apartment Advisors appear on the sale alongside Alexanian Apartment Advisors. This page is the Glendale, California file for the 3353 Montrose Avenue, Glendale, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Glendale sit in the Market section below. Filter that Glendale multifamily set by closing date to see what else sold near 3353 Montrose Avenue, Glendale, CA, USA around 2020. Published consideration for 3353 Montrose Avenue, Glendale, CA, USA is $2.5M, dated 2020. Cite this Greg Alexanian Sells Multifamily Property In Glendale For $2.52M sale when underwriting similar multifamily product around Glendale, California.
Glendale MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.29%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93