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200 East Dryden Street

Victor Hairapetian Purchases Multifamily Asset From Nancy Griggs In Glendale For $3.3M
SOLDMultiFamily

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

Rabbie Banafsheha

Marcus & Millichap

Broker

$318.2M

vol

19 deals

Broker

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