Tahmazyan Ishkhan Acquires Multifamily In Glendale For $2.8M

722 East Garfield Avenue in Glendale has been sold in an off-market transaction. The property is a 1988 built, 7-unit apartment building. The sale price for each unit was $400,000, with a total sale price of $2,800,000. The building spans 6,190 square feet, resulting in a price per square foot of $452.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,800,000
• Units: 7
• Price Per Unit: $400,000
• Square Footage: 6,190
• Price Per Square Foot: $452
• Market: Glendale

Karl Markarian from JohnHart Commercial represented both the buyer, Tahmazyan Ishkhan, and the seller in this transaction. The sale was completed within 27 days from open to close escrow. The property attracted qualified investors who offered an all-cash payment.