Updated Dec 21, 2023
Greg Alexanian Acquires Multifamily Property On W Wilson Ave, Glendale For $2.55M
463 W Wilson Ave, Glendale, CA, USA
$2,550,000
$391/SF
Building Size
6,514 SF
Asset Type
MultiFamily
Closing
Apr 19, 2020
About this deal
AI
The multifamily property located at 463 W Wilson Ave in Glendale has been sold in an off-market transaction. The sale was facilitated by broker Greg Alexanian from Alexanian Advisors. The transaction took place on April 20, 2020, with a sale price of $2,550,000. The property spans 6,514 square feet, resulting in a price per square foot of $391.46. It consists of 6 units, with each unit priced at $425,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 463 W Wilson Ave
- Market: Glendale
- Broker: Greg Alexanian - Alexanian Advisors
- Square Footage: 6,514
- Price Per Square Foot: $391.46
- Units: 6
- Price per Unit: $425,000
The seller involved in this transaction was out of state and exchanged into a Triple Net (NNN) product. No additional information was provided.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93