Updated Dec 4, 2024
Ibrahim Safar Acquires Multifamily Property In Burbank For $6.9M
1101 East Avenue
$6,900,000
Units
10
Asset Type
MultiFamily
Closing
Jan 10, 2024
About this deal
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.
The multifamily sale at 1101 East Avenue in Burbank, California sold for $6.9M in 2024. Reported inventory is 10 units across 10 units. Tony Sameyah, Reza Ghobadi, Blake Jauregui, Ibrahim Safar appear on the sale alongside Colliers. This page is the Burbank, California file for the 1101 East Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Burbank sit in the Market section below. Filter that Burbank multifamily set by closing date to see what else sold near 1101 East Avenue around 2024. Published consideration for 1101 East Avenue is $6.9M, dated 2024. Cite this Ibrahim Safar Acquires Multifamily Property In Burbank For $6.9M sale when underwriting similar multifamily product around Burbank, California.
On the Map
$6,900,000
MultiFamily
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Players
Burbank MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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