Updated Sep 9, 2024
Jack Gour Acquires Multifamily Property In Burbank, CA For $3.2M
4135 Warner Blvd Burbank, CA 91505, USA
$3,205,000
$505/SF
Building Size
6,345 SF
Asset Type
MultiFamily
Closing
Jul 7, 2023
About this deal
AI
A multifamily property located at 4135 Warner Boulevard in Burbank, CA has been sold for a price of $3,205,000. The property consists of 10 units with an average price per unit of $320,500. The total square footage of the property is 6,345, resulting in a price per square foot of $505.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,205,000
- Units: 10
- Price per Unit: $320,500
- Square Footage: 6,345
- Price per Square Foot: $505
- Address: 4135 Warner Boulevard, Burbank, CA
Jack Gour has purchased the property as the buyer from the seller, Darrell R. Levonian. The transaction was facilitated by the broker, Michael Monempour from Kidder Mathews.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.95%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93