Updated Dec 4, 2024
Clarion Partners & Cityview Acquire Multifamily Property In Burbank For $161M
1901 North Buena Vista Street, Burbank, CA 91504, USA
$161,000,000
$1,012/SF
Building Size
159,093 SF
Asset Type
MultiFamily
Closing
Nov 11, 2021
About this deal
AI
Clarion Partners and Cityview, represented by Devang Shah, have acquired a multifamily property located at 1901 North Buena Vista Street in Burbank. The property consists of 276 units and was sold by Washington LP for a total sale price of $161,000,000, equating to approximately $583,333 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $161,000,000
- Units: 276
- Price Per Unit: $583,333
Devang Shah represented the buyer, Clarion Partners and Cityview, in this transaction.
The multifamily sale at 1901 North Buena Vista Street, Burbank, CA 91504, USA in Burbank, California sold for $161M in 2021. Reported inventory is 159,093 square feet across 276 units, or about 1K per square foot. This page is the Burbank, California file for the 1901 North Buena Vista Street, Burbank, CA 91504, USA 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 1901 North Buena Vista Street, Burbank, CA 91504, USA around 2021. Published consideration for 1901 North Buena Vista Street, Burbank, CA 91504, USA is $161M, dated 2021. Cite this Clarion Partners & Cityview Acquire Multifamily Property In Burbank For $161M sale when underwriting similar multifamily product around Burbank, California.
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93