George Yessaie Purchases Glendale Multifamily Property From Kenneth Alcaraz For $4.825M

The property asset involved in this transaction is a multifamily building located at 629 East Elk Avenue in Glendale. The sale price was $4,825,000 for a total of 14 units, with a price per unit of $344,642. The total square footage of the property is 10,700, resulting in a price per square foot of $450.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,825,000
• Address: 629 East Elk Avenue
• Market: Glendale
• Units: 14
• Price Per Unit: $344,642
• Square Footage: 10,700
• Price Per Square Foot: $450
• Buyer: George Yessaie
• Seller: Kenneth Alcaraz
• Buyer's Representative: Arthur Mangassarian - Re/Max
• Seller's Representatives: Rick Raymundo, Sevak Keshishian & Philip Rodgers - Marcus & Millichap

This transaction highlights the collaboration between the buyer's representative, Arthur Mangassarian from Re/Max, and the seller's representatives, Rick Raymundo, Sevak Keshishian, and Philip Rodgers from Marcus & Millichap. Each representative played a crucial role in facilitating the agreement between George Yessaie and Kenneth Alcaraz for this multifamily property sale.