Updated Oct 30, 2025
Anna Melikyan Purchases Multifamily Property From James Hong In Glendale For $1.9M
544 Lexington Ave
$1,900,000
$411/SF
Building Size
4,623 SF
Asset Type
MultiFamily
Closing
Apr 9, 2025
About this deal
AI
The property asset involved in the transaction is located at 544 Lexington Ave in Glendale. It is classified as a MultiFamily asset type and has a total square footage of 4,623. The sale was finalized for a price of $1,900,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,900,000.00
- Address: 544 Lexington Ave
- Market: Glendale
- Square Footage: 4623.0
- Buyer: Anna Melikyan
- Seller: James Hong
- Broker Representatives: Chase Simonton - Re/Max, Ruben Nazaryan
The key individuals involved in this transaction include the buyer, Anna Melikyan, and the seller, James Hong. Additionally, the transaction was facilitated by broker representatives Chase Simonton from Re/Max and Ruben Nazaryan, providing expertise in the deal.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93