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730 West Doran Street, Glen...

Updated Dec 21, 2023

Greg Alexanian Represents Seller And Buyer In $12.6M Multifamily Sale On Doran St In Glendale
SOLDMultiFamily

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.

Players

Greg Alexanian

Alexanian Apartment Advisors

Broker

$269.6M

vol

53 deals

Broker

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $416 per square foot on a published $12.6M for 30,250 square feet (2020).

Visit Greg Alexanian to view all their deals.

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

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