Updated Dec 21, 2023
Greg Alexanian Represents Seller And Buyer In $12.6M Multifamily Sale On Doran St In Glendale
730 West Doran Street, Glendale, CA 91203, USA
$12,600,000
$416/SF
Building Size
30,250 SF
Asset Type
MultiFamily
Closing
Jan 14, 2020
About this deal
AI
A multifamily property located at 730 Doran St in Glendale was recently sold. The transaction took place on January 15, 2020. The property, consisting of 20 units, spans across 30,250 square feet. The sale price for this well-known asset was $12,600,000, resulting in a price per square foot of $416.53. The buyer was represented by Greg Alexanian from Alexanian Advisors.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,600,000
- Date: 01/15/2020
- Address: 730 Doran St
- Market: Glendale
- Square Footage: 30,250
- Price per Square Foot: $416.53
- Number of Units: 20
- Price per Unit: $630,000
This sale involved the representation of both the seller and the buyer by Greg Alexanian from Alexanian Advisors. It is noteworthy that this is the second time Alexanian has represented both parties in the transaction for this well-known asset in Glendale.
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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93