Updated Nov 4, 2026
Harootun Dolmajian & Mary Dolmajian Acquire Multifamily Asset In Burbank For $1.45M
1515 North Hollywood Way
$1,450,000
$498/SF
Building Size
2,908 SF
Asset Type
MultiFamily
Closing
Oct 9, 2026
About this deal
AI
The property is located at 1515 North Hollywood Way in Burbank and consists of a multifamily unit. The sale price was $1,450,000 for a total of 4 units, resulting in a price per unit of $362,500. The total square footage of the property is 2,908, which leads to a price per square foot of $498.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 4
- Price Per Unit: $362,500
- Square Footage: 2,908
- Price Per Square Foot: $498
- Buyer: Harootun Dolmajian & Mary Dolmajian
- Seller: Shahrouz Shirdel
- Seller's Representative: Cameron Samimi - Lyon Stahl Investment Real Estate
The deal involved buyers Harootun Dolmajian and Mary Dolmajian acquiring the property from Shahrouz Shirdel, with representation provided by Cameron Samimi of Lyon Stahl Investment Real Estate for the seller. The transaction details reflect a significant investment in the Burbank market.
On the Map
$1,450,000
$498/SF
MultiFamily
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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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93