SOLD
Kevin Hart Acquires Burbank Multifamily For $3.185M From Seller Diana Brand
123 N Maple St, Burbank, CA
MultiFamily
6,518 SF
6,518 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
6,518 sqft
An multifamily property located at 123 N Maple St in Burbank has been sold. The transaction took place on December 14, 2020. The property consists of 9 units with a total square footage of 6,518. The asking price for the property was $3,200,000 and it was sold for $3,185,000. This translates to a price per unit of $353,889 and a price per square foot of $489. The property has a capitalization rate of 4.31% and a gross rent multiplier of 15.37x.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,185,000
- Address: 123 N Maple St
- Market: Burbank
- Units: 9
- Square Footage: 6,518
- Price per Unit: $353,889
- Price per Square Foot: $489
- Capitalization Rate: 4.31%
- Gross Rent Multiplier: 15.37x
The buyer of the property is Kevin Hart, and the seller is Diana Brand. The transaction was facilitated by brokers Morgan McMullin from @MorgraMMcmullin and Chris Chasin from @ChrisChasin.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Morgan McMullin & Chris Chasin
DATE: 12/14/2020
ADDRESS: 123 N Maple St
MARKET: Burbank
ASSET TYPE: Multifamily
BUYER: Kevin Hart
SELLER: Diana Brand
BROKERS: Morgan McMullin @MorgraMMcmullin & Chris Chasin @ChrisChasin
ASKING PRICE: $3,200,000
SALE PRICE: $3,185,000
UNITS: 9 ~ PPU: $353,889
SF: 6,518 ~ PPSF: $489
CAP: 4.31% ~ GRM: 15.37xView on map
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Address 123 N Maple St, Burbank, CA
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