Leon Shparaga Acquires Mixed-use Property In North Hollywood For $1.15M

The Hirth Group is pleased to announce the successful closing of another property located at 11468-70 Burbank Blvd in North Hollywood. This mixed-use asset was sold for a price of $1,150,000. The property spans 2,702 square feet with a price per square foot of $425.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,150,000
• Date: 04/05/2022
• Address: 11468-70 Burbank Blvd
• Market: North Hollywood

The buyer of the property is Leon Shparaga, while the seller is Danny Kaplan. Representing the buyer is Sam Liberow from Marcus & Millichap. On the seller's side, Ethan Donel, Alex Reyhan, and Daniel Hirth from The Hirth Group acted as the seller's representatives. The transaction was an all-cash offer with a one-day due diligence period.

It's worth noting that The Hirth Group was able to attract multiple offers for the property and successfully coordinate with the seller's closing timeframe. The location has been operated by the sellers for several decades, making this closing a significant milestone.