Updated Oct 28, 2024
360 Partnership Acquires Glendale Multifamily For $5.1M With Broker Albert Hairapetian
919 E. Acacia Avenue
$5,100,000
$337/SF
Building Size
15,133 SF
Asset Type
MultiFamily
Closing
May 19, 2020
About this deal
AI
Located in Glendale, the multifamily property at 919 E. Acacia Avenue was recently sold for $5,100,000. The property consists of 20 units, with an average price per unit of $255,000. Spanning 15,133 square feet, the property has a price per square foot of $337.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Address: 919 E. Acacia Avenue
- Market: Glendale
The buyer of the property was 360 Partnership, while Kevin Singer acted as the seller. The transaction was facilitated by Albert Hairapetian of Arbitrage Real Estate Group.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93