Updated Dec 21, 2023
Greg Alexanian Acquires Multifamily Property On Salem St, Glendale For $2.25M
348 Salem Street, Glendale, CA, USA
$2,250,000
$535/SF
Building Size
4,204 SF
Asset Type
MultiFamily
Closing
Jun 25, 2019
About this deal
AI
A multifamily property located at 348-350 Salem St in Glendale was recently sold for a total price of $2,250,000. The transaction took place on June 26, 2019. The property was represented by Greg Alexanian from Alexanian Advisors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
This sale marks an important transaction in the Glendale real estate market. The property at 348-350 Salem St offers significant potential for investment and is expected to contribute positively to the local multifamily sector. Greg Alexanian, representing Alexanian Advisors, played a crucial role in facilitating the deal.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93