Monat Lee Sells Multifamily Property At 558 Clement Drive Glendale For $2.565M

This multifamily asset, located at 558 Clement Drive in Glendale, has a sale price of $2,565,000. The building comprises 7 units and offers a total square footage of 6,642, with a price per unit of $366,428 and a price per square foot of $386. The asset was fully vacant at the time of sale, which was conducted off market and closed with an all-cash transaction at the full contract price.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,565,000
• Units: 7
• Square Footage: 6,642
• Price Per Unit: $366,428
• Price Per Square Foot: $386
• Seller: Monat Lee
• Broker: Greg Alexanian - Alexanian Apartment Advisors

In this transaction, Monat Lee acted as the seller of the property, while Greg Alexanian represented the transaction through his agency, Alexanian Apartment Advisors. The deal reflects a direct and straightforward approach, with all conditions met to finalize the sale efficiently.