Updated Dec 21, 2023
Marcus & Millichap Brokers Acquire Multifamily Property In Glendale For $1.04M
805 West Glenoaks Boulevard, Glendale, CA 91202, USA
$1,040,000
$388/SF
Building Size
2,677 SF
Asset Type
MultiFamily
Closing
May 30, 2019
About this deal
AI
Located at 805 W Glenoaks Blvd in Glendale, this multifamily property was recently sold. The transaction took place on May 31, 2019, and was facilitated by the brokers Rick Ramirez, Filip Niculete, and Glen Scher from Marcus & Millichap. The property consists of 3 units and spans a total of 2,677 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,040,000
- Market: Glendale
- Price per Square Foot: $388.49
- Units: 3
- Price per Unit: $346,667
- CAP: 2.63%
- GRM: 20.88
This successful transaction highlights the expertise and professionalism of the brokers involved. Rick Ramirez, Filip Niculete, and Glen Scher showcased their skills in negotiating and closing the deal, demonstrating their commitment to their clients' needs.
Players
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
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93