Marcus & Millichap Sells Glendale Multifamily For $1.57M With Broker Representatives Filip Niculete, Glen Scher & Rick Ramirez

A multifamily property located at 1443 E Maple St in Glendale was sold for $1,575,000. The property spans 3,145 square feet and consists of 6 units, resulting in a price per square foot of $500.79. The price per unit for this transaction was $262,500. The capitalization rate for this property is 3.76% and the gross rent multiplier is 16.97. The sale took place on February 14, 2019.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,575,000
• Square Footage: 3,145
• Units: 6
• Price per Square Foot: $500.79
• Price per Unit: $262,500
• Capitalization Rate: 3.76%
• Gross Rent Multiplier: 16.97

The transaction was facilitated by the brokers Filip Niculete, Glen Scher, and Rick Ramirez from Marcus & Millichap. They represented the parties involved in the deal.