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Goldman Family Trust Acquires Multifamily Property In Burbank For $1.2M

Property Image
SOLD
$1,200,000
Andy Kawatra

California

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MultiFamily4,326 SF
Sold 12/10/2019
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Property Image
SOLD

Goldman Family Trust Acquires Multifamily Property In Burbank For $1.2M

1314 W Burbank Blvd, Burbank, CA, USA

See Similar Deals
MultiFamily4,326 SF
Sold 12/10/2019
Andy Kawatra
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:4,326 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 1314 W Burbank Blvd in Burbank. The sale took place on December 10, 2019. The property spans 4,326 square feet and has a price per square foot of $277.39. It consists of 6 units, and the total price for the transaction was $1,200,000. The buyer in this deal was the Goldman Family Trust, while the seller was the Ehninger Trust.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 1314 W Burbank Blvd
  • Market: Burbank
  • Square Footage: 4,326
  • Price per Square Foot: $277.39
  • Units: 6

The brokers involved in this transaction were Andy Kawatra and Sevak Keshishian. They represented the respective parties, with Andy Kawatra and Sevak Keshishian serving as the representatives of the Goldman Family Trust and the Ehninger Trust.

Players

Sevak Keshishian
16 deals$77.8M volume
BROKER

Andy Kawatra
Marcus & Millichap
27 deals$83M volume
BROKER

Details

SOLD
IMAGE: Andy Kawatra & Sevak Keshishian @gettinswiggywitit DATE: 12/10/2019 ADDRESS: 1314 W Burbank Blvd MARKET: Burbank ASSET TYPE: Multifamily BUYER: Goldman Family Trust SELLER: Ehninger Trust BROKERS: Andy Kawatra, Sevak Keshishian PRICE: $1,200,000 SF: 4,326 ~ PPSF: $277.39 UNITS: 6 PPU: $200,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35