John Andruska Acquires 5-Unit Multifamily In Glendale For $2.03M

The multifamily property located at 433 West Garfield Avenue in Glendale has been sold in a closed transaction. The property consists of 5 units with a total square footage of 4,881. The sale price for this transaction was $2,025,000, resulting in a price per unit of $405,000. The price per square foot was $415.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $2,025,000
• Units: 5
• Price Per Unit: $405,000
• Square Footage: 4,881
• Price Per Square Foot: $415

John Andruska purchased the property from Robert Amarante. The transaction was facilitated by Greg Alexanian from Alexanian Apartment Advisors, who represented both the buyer and the seller. The sale was an all-cash transaction and dual 1031 exchange. Notably, the Alexanian Apartment Advisors were able to secure a sale price that was 16% or $335,000 higher than the previous listing with another agent.

For more information and to get in touch with the local multifamily advisors, you can contact Greg Alexanian at (818) 239-1206 or visit their website at www.alexanianadvisors.com.