Yubin Tao Acquires Mixed-Use Property In Burbank For $1.7M

A prime corner retail lot in Burbank, located at 2709-2713 W. Olive Ave. & 113 N. Naomi St., has been sold in a recent transaction. The mixed-use property spans 9,855 square feet and was sold for a price of $1,725,000 at a rate of $175 per square foot.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,725,000
• Square Footage: 9,855
• Address: 2709-2713 W. Olive Ave. & 113 N. Naomi St., Burbank

The buyer of the property is Yubin Tao, while the seller is the Pikkel Family Trust. The transaction was facilitated by brokers Elizabeth Clark and Alexander Halimi from Douglas Elliman, as well as Jay Martinez from Kidder Mathews.

Notably, this sale involved a 50% interest in the property. Alexander Halimi, Elizabeth Clark, and Jay Martinez were contracted by the Pikkel Family to represent their interests in the sale. If you are interested in determining the value of your property, you can contact them at 310-560-1087.