Leon Petrosian Acquires Multifamily Property On Naranja Drive In Glendale For $1.48M
511 Naranja Drive, Glendale, California 91206, United States
$1,480,000
$394/SF
Building Size
3,756 SF
Asset Type
MultiFamily
Closing
Sep 15, 2022
AI
The multifamily property located at 511 Naranja Dr in Glendale, CA has been sold for a total price of $1,480,000. The transaction took place on September 16, 2022. The property consists of 4 units with an average price per unit (PPU) of $370,000. It spans a total area of 3,756 square feet, resulting in a price per square foot (PPSF) of $394.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,480,000
- Address: 511 Naranja Dr, Glendale, CA
- Market: Glendale, CA
The buyer of the property is Leon Petrosian and the seller is John Little. The transaction was facilitated by Andy C. Kawatra of Marcus & Millichap.
Players
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
10.72%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93