Kenneth N Rosenblatt Acquires MultiFamily Property At 420 W Elmwood Ave From Marilyn Baron For $3.525M
420 W Elmwood Ave
$3,525,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2024
AI
The property involved in the transaction is a MultiFamily asset located at 420 W Elmwood Ave in Burbank. The transaction was completed on 08/01/2024 for a total price of $3,525,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,525,000.00
- Address: 420 W Elmwood Ave
- Market: Burbank
- Buyer: Kenneth N Rosenblatt
- Seller: Marilyn Baron
- Brokers: Reza Ghobadi (Colliers)
Reza Ghobadi, representing Colliers, facilitated the transaction between the buyer, Kenneth N Rosenblatt, and the seller, Marilyn Baron, ensuring that all aspects of the sale were handled professionally.
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
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93