Victor Hairapetian Purchases Multifamily Asset From Nancy Griggs In Glendale For $3.3M
200 East Dryden Street
$3,300,000
$379/SF
Building Size
8,697 SF
Asset Type
MultiFamily
Closing
May 22, 2026
AI
The property involved in this transaction is a multifamily asset located at 200 East Dryden Street in Glendale. The sale price for the property was $3,300,000. It comprises 12 units with a total square footage of 8,697, which results in a price per unit of $275,000 and a price per square foot of $379.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Units: 12
- Square Feet: 8,697
- Price Per Unit: $275,000
- Price Per Square Foot: $379
- Buyer: Victor Hairapetian
- Seller: Nancy Griggs
- Brokers: Tony Azzi, Arteen Zahiri & Rabbie Banafsheha - Marcus & Millichap
Victor Hairapetian acquired the property from Nancy Griggs with the assistance of brokers Tony Azzi, Arteen Zahiri, and Rabbie Banafsheha from Marcus & Millichap, who represented the transaction on behalf of the buyer and seller.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93