Updated Jun 24, 2025
Finch Charitable Remainder Trust 2024 Sells Multifamily Property In Glendale For $1.625M
420 North Adams Street
$1,625,000
Units
8
Asset Type
MultiFamily
Closing
Jun 24, 2025
About this deal
AI
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.
On the Map
$1,625,000
MultiFamily
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Players
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93