Brett Tobin Acquires 6-Unit Multifamily In Glendale For $2.675M
SOLD
$2,675,000
California
See Similar DealsMultiFamily5,792 SF
Sold 12/29/2022
SOLD
Brett Tobin Acquires 6-Unit Multifamily In Glendale For $2.675M
501 Raleigh Street
See Similar DealsMultiFamily5,792 SF
Sold 12/29/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:5,792 SF
Transaction Type:Sale
The multifamily property located at 501 Raleigh Street in Glendale has been sold in a recent transaction. The property consists of 6 units with a total square footage of 5,792. The sale price for the property was $2,675,000, resulting in a per unit price of $445,833. The price per square foot for the property was $462.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,675,000
- Address: 501 Raleigh Street
- Market: Glendale
- Units: 6
- Price per Unit: $445,833
- Square Footage: 5,792
- Price per Square Foot: $462
The buyer involved in the transaction is Brett Tobin, while the seller is Hansin Singh. Representing both parties in the deal were Elizabeth Clark and Kirtley Baker from Douglas Elliman.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,503.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,680.86
Annual Debt Service$152,170.38
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