Silvia Tchakmakjian And Betty Balian Acquire Multifamily Property In Glendale For $920,000
SOLD
$920,000
California
See Similar DealsMultiFamily1,575 SF
Sold 08/07/2024
SOLD
Silvia Tchakmakjian And Betty Balian Acquire Multifamily Property In Glendale For $920,000
601 Alexander Street
See Similar DealsMultiFamily1,575 SF
Sold 08/07/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$584
Total Square Footage:1,575 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 601 Alexander Street in Glendale. The sale price was $920,000, and the property consists of 3 units. The total square footage is 1,575, which results in a price per unit of $306,666 and a price per square foot of $584.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $920,000
- Units: 3
- Square Footage: 1,575
- Price Per Unit: $306,666
- Price Per Square Foot: $584
- Buyer: Silvia Tchakmakjian & Betty Balian
- Seller: Kerstin Gomez & Vivan Kane
- Broker: Jake Glaser - Lyon Stahl Investment Real Estate
The transaction featured buyers Silvia Tchakmakjian and Betty Balian acquiring the property from sellers Kerstin Gomez and Vivan Kane. The deal was facilitated by broker Jake Glaser from Lyon Stahl Investment Real Estate, who represented the transaction in the Glendale market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,268.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,361.27
Annual Debt Service$52,335.23
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