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Rick Ramirez & Ellen Kim Sell Multifamily Property On 1317 E. Wilson Ave. In Glendale To Michael & Julia Blum

1317 East Wilson Avenue
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This MultiFamily property located in CA was sold for $2,400,000 almost 4 years ago. The broker of the deal was Rick Ramirez

A multifamily property located at 1317 E. Wilson Ave. in Glendale recently sold for $2,400,000. The property consists of 8 units with a total square footage of 5,297. The price per unit was $300,000, and the price per square foot was $453. The Gross Rent Multiplier (GRM) for the property was 14.62, and the capitalization rate (CAP) was 4.58%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,400,000
  • Address: 1317 E. Wilson Ave.
  • Market: Glendale
  • Units: 8
  • Price per Unit: $300,000
  • Square Footage: 5,297
  • Price per Square Foot: $453
  • Gross Rent Multiplier (GRM): 14.62
  • Capitalization Rate (CAP): 4.58%

The sellers, Michael & Julia Blum, were represented by Rick Ramirez from Robo_Rick. The buyer's representative in the deal was Ellen Kim.

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Deals
  • Location
    1317 East Wilson Avenue, Glendale, CA 912061317 East Wilson Avenue, Glendale, CA 91206
  • Sale Price
    $2,400,000$2,400,000
    $453 PPSF$453 PPSF
  • Area
    5,297 SF5,297 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Rick Ramirez

Rick Ramirez

Deals18
Sold$39.6M

Agency

Ally Commercial Real Estate

Ally Commercial Real Estate

Agency
Deals77
Volume$406.1M

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Deal Summary

SALE IMAGE: Rick Ramirez & Ellen Kim DATE: 06/08/2021 ADDRESS: 1317 E. Wilson Ave. MARKET: Glendale ASSET TYPE: Multifamily SELLER: Michael & Julia Blum BUYER’S REP: Ellen Kim SELLER’S REP: Rick Ramirez @Robo_Rick ASKING PRICE: $2,500,000 SALE PRICE: $2,400,000 UNITS: 8 ~ PPU: $300,000 SF: 5,297 ~ PPSF: $453 GRM: 14.62 CAP: 4.58%

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1317 East Wilson Avenue

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