Updated Dec 4, 2024
Raydmond Khoudian Acquires Multifamily Property In Glendale For $1.75M
703 Glenoaks Boulevard
$1,750,000
Units
1,750,000
Asset Type
MultiFamily
Closing
Oct 24, 2023
About this deal
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.
On the Map
$1,750,000
MultiFamily
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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