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

Property Image
SOLD
$4,300,000

California

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MultiFamily13,056 SF
Sold 04/21/2021
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Property Image
SOLD

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

521-525 Concord St, Glendale, CA, USA

See Similar Deals
MultiFamily13,056 SF
Sold 04/21/2021
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$329
Total Square Footage:13,056 SF
Transaction Type:Sale

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.

Players

Deboura Emanuel
Keller Williams Realty
Deboura Emanuel
2 deals$7.2M volume
BROKER

Details

SOLD
IMAGE: Deboura Emanuel @Deboura_E DATE: 04/21/2021 ADDRESS: 521-525 Concord St MARKET: Glendale ASSET TYPE: Multifamily BROKER: Deboura Emanuel @Deboura_E - Emanuel Real Estate Group @EREGLosAngeles - KW Commercial Studio City @KWStudioCity SALE PRICE: $4,300,000 UNITS: 12 ~ PPU: $358,333 SF: 13,056 ~ PPSF: $329 CAP: 3.1% NOTE: Property was sold off market. If you are looking to sell your investment, we can help you evaluate your property and bring you offers. If you are looking to buy, we can match your acquisition criteria with our consistent stream of OFF Market properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33