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Siegal Evan Sells Multifamily Property At 600 East Harvard Road Burbank For $3.22M

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SOLD
$3,220,000

California

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MultiFamily8,466 SF
Sold 11/15/2024
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Property Image
SOLD

Siegal Evan Sells Multifamily Property At 600 East Harvard Road Burbank For $3.22M

600 East Harvard Road

See Similar Deals
MultiFamily8,466 SF
Sold 11/15/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$380
Total Square Footage:8,466 SF
Transaction Type:Sale

This multifamily property located at 600 East Harvard Road in Burbank has 11 units and spans 8,466 square feet. The transaction was completed at a sale price of $3,220,000, translating to a price per unit of $292,727 and a price per square foot of $380.

Summary of transation details:

Greg Alexanian from Alexanian Apartment Advisors facilitated this transaction, which is part of a larger activity where the firm is currently transacting on 129 units totaling $54,400,000. Interested clients are encouraged to reach out for advisory services on their portfolios.

Players

Greg Alexanian
52 deals$268.3M volume
BROKER

Details

SOLD
IMAGE: Greg Alexanian DATE: 11/15/2024 ADDRESS: 600 East Harvard Road MARKET: Burbank ASSET TYPE: Multifamily SELLER: Siegal Evan BROKER: Greg Alexanian (@AlexanianAdvisors) - Alexanian Apartment Advisors (@AlexanianAdvisors) SALE PRICE: $3,220,000 UNITS: 11 ~ PPU: $292,727 SF: 8,466 ~ PPSF: $380 NOTE FROM BROKER: Alexanian Advisors are currently transacting on 129 units | $54,400,000 Contact the team if you are looking for advisory services on your portfolio. [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$11,439.99
Cash-on-Cash Return-1.27%
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