David Leibowitz & The Everitt Group broker $5.6M Glendale apartment deal

David Leibowitz & The Everitt Group Broker $5.6M Glendale Apartment Deal

Investment Real Estate Associates (“IREA”), a national investment real estate advisory firm based in Los Angeles, California announced today the sale of the North Central Avenue Apartments for $5,662,500.

The property is located on 1136 North Central Avenue in Glendale, California. It was sold at a 3% CAP rate.

The property was built in 1972 and is a 29,625 sf multi-family apartment building located on a 15,640 sf lot in the city of Glendale. It is a three-story complex consisting of eighteen 1+1s and nine 1+1.5s w/dens.

David Leibowitz, Senior Associate, Clark Everitt, Senior Vice President, and William Everitt, Senior Vice President at IREA represented the seller, private individuals. The buyer, a private individual was represented by David Leibowitz at IREA.