SOLDMultiFamily
Ibrahim Safar Acquires Multifamily Property In Burbank For $6.9M
1101 East Avenue
$6,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 10, 2024
AI
The multifamily property located at 1101 East Avenue in Burbank has been sold in a closed transaction. The sale price for the property was $6,900,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Market: Burbank
- Buyer: Ibrahim Safar
- Seller: David Meissner
- Brokers: Reza Ghobadi, Tony Sameyah, and Blake Jauregui from Colliers International
The deal was facilitated by Reza Ghobadi, Tony Sameyah, and Blake Jauregui from Colliers International.
Players
Burbank MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93