Updated Oct 25, 2024
Brett Tobin Acquires 6-Unit Multifamily In Glendale For $2.675M
501 Raleigh Street
$2,675,000
$461/SF
Building Size
5,792 SF
Asset Type
MultiFamily
Closing
Dec 29, 2022
About this deal
AI
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.
On the Map
$2,675,000
$461/SF
MultiFamily
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Players
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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93