Sarkis Babayan Purchases Mixed-Use Property From Michael Sandison For $1.45M In Burbank

A mixed-use property located at 2205 West Olive Avenue in Burbank was sold for $1,450,000. The property covers an area of 2,497 square feet, resulting in a price per square foot of $580.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,450,000
• Address: 2205 West Olive Avenue
• Market: Burbank
• Square Feet: 2,497
• Price Per Square Foot: $580
• Buyer: Sarkis Babayan
• Seller: Michael Sandison
• Seller's Representative: Ethan Donel, Daniel Hirth & Alex Reyhan - The Hirth Group

Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group managed the transaction, providing the seller with multiple valuations and insights on market conditions over the past six years. Their marketing efforts attracted significant interest, allowing the property to close at the listed price, indicating a successful sales strategy. The team generated nearly a dozen qualified buyers and conducted multiple property tours during the process.