SOLDMixed-use
Henrik Avanessian Purchases Mixed-Use Property On Burbank Boulevard For $995,000 With Marcus & Millichap
10761 Burbank Boulevard
$995,000
$260/SF
Building Size
3,824 SF
Asset Type
Mixed-use
Closing
Jul 31, 2026
AI
The mixed-use property located at 10761 Burbank Boulevard in the North Hollywood market has been sold for $995,000. The asset comprises 14 units and encompasses a total square footage of 3,824, resulting in a price per square foot of $260.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $995,000
- Units: 14
- Square Footage: 3,824
- Price per Square Foot: $260
- Buyer: Henrik Avanessian
- Seller: Scott Jacoby & Robert Jayne
- Seller's Representative: Ryan Rothstein-Serling, Joshua Yaris & Martin Agnew - Marcus & Millichap
- Date of Sale: 07/31/2026
This transaction involved the notable representation of the seller by the brokerage firm Marcus & Millichap, with Ryan Rothstein-Serling, Joshua Yaris, and Martin Agnew acting in the capacity of seller's representatives, facilitating the deal between the buyer and the sellers.
Players
North Hollywood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.94%
Cash-on-Cash
-4.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93