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10761 Burbank Boulevard

Henrik Avanessian Purchases Mixed-Use Property On Burbank Boulevard For $995,000 With Marcus & Millichap
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:

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

Martin Agnew

Marcus & Millichap

Broker

$458.1M

vol

128 deals

Broker

Henrik Avanessian

Buyer

$995K

vol

1 deal

Buyer

Scott Jacoby

Seller

$995K

vol

1 deal

Seller

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