Garen Zeytuntsyan Acquires Multifamily Property From Barbara & Jeff Winter For $1,590,000

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.