Emanuel Real Estate Group Acquires 12-Unit Multifamily In Glendale For $4.3M

The multifamily property located at 521-525 Concord St in Glendale was sold off market on 04/21/2021. The property consists of 12 units with a total square footage of 13,056. The sale price for this transaction was $4,300,000, resulting in a per unit price of $358,333. The price per square foot was $329, and the capitalization rate (CAP) was 3.1%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Units: 12
• Price Per Unit (PPU): $358,333
• Square Footage (SF): 13,056
• Price Per Square Foot (PPSF): $329
• Capitalization Rate (CAP): 3.1%

The sale was facilitated by Deboura Emanuel from Emanuel Real Estate Group, affiliated with KW Commercial Studio City. If you are interested in selling your investment property, they can help you evaluate your property and bring you offers. Likewise, if you are looking to buy, they can assist you by matching your acquisition criteria with their consistent stream of off-market properties.