facebook
Traded Co logo
Submit
Daily limit: 0/10

Finch Charitable Remainder Trust 2024 Sells Multifamily Property In Glendale For $1.625M

Property Image
SOLD
$1,625,000
Darin Beebower
Arian Rejaei

California

See Similar Deals
MultiFamily
Sold 06/24/2025
the dealplayerscompscontact
Property Image
SOLD

Finch Charitable Remainder Trust 2024 Sells Multifamily Property In Glendale For $1.625M

420 North Adams Street

See Similar Deals
MultiFamily
Sold 06/24/2025
Darin Beebower
Arian Rejaei
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

An eight-unit multifamily property located at 420 West Adams Street in Glendale has successfully sold. The property command of sale was recorded at $1,625,000, translating to a price per unit of $203,125. The sale achieved a record-low cap rate of 3.5% for 2025.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Units: 8
  • Price Per Unit: $203,125
  • Seller: Finch Charitable Remainder Trust 2024
  • Buyer: Los Angeles-based all-cash buyer
  • Closing Timeline: Nine-day close
  • Brokers: Darin Beebower & Arian Rejaei - Kidder Mathews

The transaction was facilitated by brokers Darin Beebower and Arian Rejaei from Kidder Mathews, who represented the seller in this deal. Their expertise was integral in navigating the transaction, leading to a swift closing with an all-cash buyer.

Players

Darin Beebower
Kidder Mathews
Darin Beebower
14 deals$130.1M volume(424) 653-1854
BROKER
Arian Rejaei
Kidder Mathews
Arian Rejaei
4 deals$11.8M volume(310) 924-2259
BROKER
Kidder Mathews
Kidder Mathews
BROKERAGE

Details

SOLD
IMAGE: Darin Beebower & Arian Rejaei DATE: 06/24/2025 ADDRESS: 420 West Adams Street MARKET: Glendale ASSET TYPE: Multifamily SELLER: Finch Charitable Remainder Trust 2024 BROKERS: Darin Beebower & Arian Rejaei (@Aria.n7796) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $1,625,000 UNITS: 8 ~ PPU: $203,125 NOTE: An eight-unit multifamily property at 420 W Adams St in Glendale sold for $1.625M, or $203K per unit, at a record-low 3.5% cap rate for 2025. Finch Charitable Remainder Trust 2024 sold the property to a Los Angeles-based all-cash buyer in a nine-day close, with Kidder Mathews’ Darin Beebower and Arian Rejaei brokering the deal.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$86,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95