Updated Oct 20, 2026
519 South Street
519 South Street
Building Size
17,804 SF
Asset Type
MultiFamily
Closing
Oct 16, 2026
About this deal
AI
The property asset involves a multifamily building located at 519 South Street in Glendale. This asset comprises 23 units with a total square footage of 17,804. The building, constructed in 1986, contains 14 two-bedroom units and 9 one-bedroom units, situated on an 18,121 square foot lot that is zoned GLR4YY. There are also 26 parking spaces available on the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 23
- Square Footage: 17,804
- Address: 519 South Street
- Market: Glendale
- Seller: John Nance
- Buyer: Harmen Kidder
- Broker: Taylor Avakian - The Group CRE - Lyon Stahl Investment Real Estate
Taylor Avakian of The Group CRE at Lyon Stahl Investment Real Estate represented both the buyer and the seller in this transaction. The arrangement highlights the involvement of a single broker representing dual interests within the sale of the multifamily property.
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MultiFamily
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Glendale MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93