The Hesook Kim Trust Acquires Burbank Multifamily Property For $6M

The multifamily property located at 2001 Grismer Avenue in Burbank has been sold in a closed transaction. The property spans approximately 11,334 square feet and consists of 14 units. The transaction price for this property was $6,000,000, resulting in a price per square foot of $529.38. The buyer in this transaction was The Hesook Kim Trust, while the seller was The Magyar Revocable Living Trust and The Florman 1993 Revocable Trust.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Square Footage: 11,334
• Price per Square Foot: $529.38
• Number of Units: 14

J. Patrick Sheekey, T.C. Macker, and Jennifer Moscoso were the brokers involved in this transaction. They represented their respective parties throughout the deal.