Updated Dec 21, 2023
Steve Izzi Acquires 18-Unit Multifamily In Glendale For $3.5M
815 Mariposa Street, Glendale, CA 91205, USA
$3,500,000
$415/SF
Building Size
8,424 SF
Asset Type
MultiFamily
Closing
Dec 5, 2019
About this deal
AI
A multifamily property located at 815 Mariposa St in Glendale has been sold for $3,500,000. The property spans 8,424 square feet and has 18 units, resulting in a price per square foot of $415.48. The buyer of the property is Steve Izzi, while Carolyn Frank is the seller. The transaction took place on December 6, 2019, and the brokers involved in the deal are Andy Kawatra and Sevak Keshishian.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Square Footage: 8,424
- Price per Square Foot: $415.48
- Number of Units: 18
- Price per Unit: $194,444
- Market: Glendale
Andy Kawatra and Sevak Keshishian, representing the respective parties, facilitated the transaction of this multifamily property in Glendale.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93