Raydmond Khoudian Acquires Multifamily Property In Glendale For $1.75M
SOLD
$1,750,000
California
See Similar DealsMultiFamily
Sold 10/24/2023
SOLD
Raydmond Khoudian Acquires Multifamily Property In Glendale For $1.75M
703 Glenoaks Boulevard
See Similar DealsMultiFamily
Sold 10/24/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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