Victor Hairapetian Purchases Multifamily Asset From Nancy Griggs In Glendale For $3.3M
SOLD
$3,300,000
California
See Similar DealsMultiFamily8,697 SF
Sold 05/22/2026
SOLD
Victor Hairapetian Purchases Multifamily Asset From Nancy Griggs In Glendale For $3.3M
200 East Dryden Street
See Similar DealsMultiFamily8,697 SF
Sold 05/22/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$379
Total Square Footage:8,697 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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