Athanasia Wendt Acquires Multifamily Property In Glendale, CA For $8.95M
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This MultiFamily property located in CA was sold for $8,950,000 over 1 year ago. The brokers of the deal were Michael Monempour and David Saghian
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- Location1060 Raymond Avenue
- Sale Price$8,950,000$553 PPSF
- Area16,169 SF
- Asset TypeMultiFamily
- Parties2 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: David Saghian & Michael Monempour
DATE: 09/26/2022
ADDRESS: 1060 Raymond Ave
MARKET: Glendale, CA
ASSET TYPE: Multifamily
BUYER: Athanasia Wendt
SELLER: Michael Gerro
BROKERS: Michael Monempour (@Mike_Monem) & David Saghian (@Davidsaghian10) - Kidder Mathews
SALE PRICE: $8,950,000
UNITS: 20 ~ PPU: $447,500
SF: 16,169 ~ PPSF: $554
NOTE FROM BROKER: Property sold for $447,500/Unit, $550/SF, 19 GRM & 3.07% CAP. This was the Up leg for Buyer's 1031 Tax Deferred Exchange. Monempour & Saghian had sold their Down leg 60 Days ago.
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1060 Raymond Avenue
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