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AK & Associates, Inc. And Berkshire Hathaway HomeServices Acquire SFR In Glendale For $2.5M

Property Image
SOLD
$2,525,000

California

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Single Family Residence3,400 SF
Sold 09/08/2022
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Property Image
SOLD

AK & Associates, Inc. And Berkshire Hathaway HomeServices Acquire SFR In Glendale For $2.5M

5227 Maryland Avenue

See Similar Deals
Single Family Residence3,400 SF
Sold 09/08/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$742
Total Square Footage:3,400 SF
Transaction Type:Sale

The property asset involved in this transaction is a single-family residence located at 5227 Maryland Ave in Glendale. The sale price was $2,525,000, with a total square footage of 3,400, resulting in a price per square foot of $743.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $2,525,000
  • Address: 5227 Maryland Ave
  • Market: Glendale
  • Square Footage: 3,400
  • Price per Square Foot: $743

The buyers in this transaction are Ara Gharapetian from AK & Associates, Inc. and Evelin Pogosian from Berkshire Hathaway Home Services. The seller's representative is Dro Gharapetian, also from AK & Associates, Inc.

Players

Dro Gharapetian
Dro Gharapetian
3 deals$4.5M volume
BROKER

Details

SOLD
IMAGE: Dro Gharapetian DATE: 09/08/2022 ADDRESS: 5227 Maryland Ave MARKET: Glendale ASSET TYPE: SFR BUYER: Ara Gharapetian - AK & Associates, Inc. (@AK_and_Associates_Inc) & Evelin Pogosian - Berkshire Hathaway Home Services SELLER'S REP: Dro Gharapetian - AK & Associates, Inc SALE PRICE: $2,525,000 SF: 3,400 ~ PPSF: $743

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$134,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,970.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,969.79
Annual Debt Service$143,637.46