Garen Zeytuntsyan Acquires Multifamily Property From Barbara & Jeff Winter For $1,590,000
SOLD
$1,590,000
California
See Similar DealsMultiFamily3,023 SF
Sold 05/27/2026
SOLD
Garen Zeytuntsyan Acquires Multifamily Property From Barbara & Jeff Winter For $1,590,000
2907 Riverside Drive
See Similar DealsMultiFamily3,023 SF
Sold 05/27/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$526
Total Square Footage:3,023 SF
Transaction Type:Sale
The multifamily asset located at 2907 Riverside Drive in Burbank features a total of 3,023 square feet and consists of 4 units. The sale was completed for $1,590,000, resulting in a price per unit of $397,500 and a price per square foot of $525.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,590,000
- Units: 4
- Square Footage: 3,023
- Price per Unit: $397,500
- Price per Square Foot: $525
- Buyer: Garen Zeytuntsyan
- Seller: Barbara & Jeff Winter
- Buyer’s Representative: Marcus & Millichap
- Broker Team: Filip Niculete, Glen Scher & Morgan Wetmore - LAAA Team - Marcus & Millichap
The transaction involved the LAAA Team, which successfully closed the deal with multiple offers and completed escrow with no credits provided to the buyer.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,648.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,537.41
Annual Debt Service$90,448.93
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