Updated Oct 29, 2024
Goldman Family Trust Acquires Multifamily Property In Burbank For $1.2M
1314 W Burbank Blvd, Burbank, CA, USA
$1,200,000
$277/SF
Building Size
4,326 SF
Asset Type
MultiFamily
Closing
Dec 9, 2019
About this deal
AI
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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93