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

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.