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703 Glenoaks Boulevard

Raydmond Khoudian Acquires Multifamily Property In Glendale For $1.75M
SOLDMultiFamily

Raydmond Khoudian Acquires Multifamily Property In Glendale For $1.75M

703 Glenoaks Boulevard

$1,750,000

Building Size

Asset Type

MultiFamily

Closing

Oct 24, 2023

AI

A multifamily property located at 703 Glenoaks Boulevard in Glendale has been sold for a price of $1,750,000. The property consists of 6 units with an average price per unit of $291,667. It spans across 4,138 square feet, resulting in a price per square foot of $423.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,750,000
  • Units: 6
  • Price Per Unit: $291,667
  • Square Footage: 4,138
  • Price Per Square Foot: $423
  • Address: 703 Glenoaks Boulevard
  • Market: Glendale

The buyer of the property is Raydmond Khoudian, while the seller is William Deeb. The seller's representatives in this transaction were Andy Kawatra and Sevak Keshishian from The SK Group at Marcus & Millichap Encino.

Players

Sevak Keshishian

Marcus & Millichap

Broker

$77.8M

vol

16 deals

Broker

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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93