Updated Dec 21, 2023
Alexanian Advisors Sells Multifamily Property In Glendale For $5.3M With Buyer's Rep Sara Berger
510 Winchester Ave, Glendale, CA, USA
$5,300,000
$446/SF
Building Size
11,866 SF
Asset Type
MultiFamily
Closing
Mar 1, 2021
About this deal
AI
A multifamily property located at 510 Winchester Ave in Glendale has been sold for $5,300,000. The property spans 11,866 square feet, resulting in a price per square foot of $446. The transaction took place on 03/02/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Address: 510 Winchester Ave
- Market: Glendale
Sara Berger from WEA represented the buyer in this deal. Greg Alexanian and Nick Hayner from Alexanian Apartment Advisors acted as the seller's representatives. It is worth noting that Alexanian Apartment Advisors achieved an impressive 99% of the list price for the seller. Additionally, they negotiated an early release of the deposit to the seller. Alexanian Apartment Advisors have an outstanding track record in the Glendale and Burbank multifamily sector, with over 3,100 units represented.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93