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440 West Milford Street

Dr. Andre Aboolian Acquires Multifamily Property At 440 West Milford Street For $4.2M
SOLDMultiFamily

Dr. Andre Aboolian Acquires Multifamily Property At 440 West Milford Street For $4.2M

440 West Milford Street

$4,200,000

$443/SF

Building Size

9,476 SF

Asset Type

MultiFamily

Closing

Nov 6, 2024

AI

The property involved in this transaction is a multifamily asset located at 440 West Milford Street, Glendale. The sale occurred for a price of $4,200,000, encompassing 12 units within a total square footage of 9,476. This results in a price per unit of $350,000 and a price per square foot of $443.

Summary of transaction details:

The key individuals involved in this transaction include Dr. Andre Aboolian, representing Milford Urban Homes as the buyer, and Sylvan Gerber, representing Pluma as the seller. Sam Manoukian from DPI-Diversified Property Investments served as the buyer's representative, while Kenny Stevens from Compass acted as the seller's representative, facilitating the sale process.

Players

Kenny Stevens

Compass

Broker

$141.3M

vol

20 deals

Broker

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93