SOLD
Harapetian Investment Group Acquires Multifamily Property In Glendale For $5.1M
919 East Acacia Avenue
MultiFamily
15,133 SF
15,133 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
15,133 sqft
The multifamily property located at 919 E Acacia Ave in Glendale has been sold for $5,100,000. The transaction took place on May 19, 2021. The property consists of 20 units, with each unit priced at $255,000. The total square footage of the property is 15,133, resulting in a price per square foot of $337. The gross rent multiplier (GRM) for the property is 15.65, and the capitalization rate (CAP) is 3.85%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Units: 20
- Price per Unit: $255,000
- Square Footage: 15,133
- Price per Square Foot: $337
- Gross Rent Multiplier (GRM): 15.65
- Capitalization Rate (CAP): 3.85%
The buyer of the property is Harapetian Investment Group, while the seller is Kevin Singer. The deal was facilitated by broker Andy Kawatra.
Players
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2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Andy Kawatra
DATE: 05/19/2021
ADDRESS: 919 E Acacia Ave
MARKET: Glendale
ASSET TYPE: Multifamily
BUYER: Harapetian Investment Group
SELLER: Kevin Singer
BROKER: Andy Kawatra (@Gettinswiggywitit)
SALE PRICE: $5,100,000
UNITS: 20 ~ PPU: $255,000
SF: 15,133 ~ PPSF: $337
GRM: 15.65 ~ CAP: 3.85%View on map
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Address919 East Acacia Avenue
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