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451 Hawthorne Street

Brian Botsford Acquires Multifamily Property At 451 Hawthorne Street In Glendale For $10.16M
SOLDMultiFamily

Brian Botsford Acquires Multifamily Property At 451 Hawthorne Street In Glendale For $10.16M

451 Hawthorne Street

$10,160,000

$429/SF

Building Size

23,673 SF

Asset Type

MultiFamily

Closing

Jul 2, 2024

AI

The transaction involved a multi-family property located at 451 Hawthorne Street in Glendale, which consists of 25 units across a total area of 23,673 square feet. The sale was finalized at a price of $10,160,000, resulting in a price per unit of $406,400 and a price per square foot of $429.

Summary of transaction details:

Sevak Keshishian and Shara Parseghian, representing both the buyer and the seller, were instrumental in facilitating this transaction through their roles at The SK Group CRE and Marcus & Millichap. Their involvement underscores their expertise in managing multi-family real estate transactions within the Glendale market.

Players

Sevak Keshishian

Marcus & Millichap

Broker

$77.8M

vol

16 deals

Broker

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.56%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93