Updated Dec 21, 2023
Gregory H. Alexanian Acquires Multi Family Property In Burbank For $4.25M
635 East Cypress Avenue, Burbank, CA 91501, USA
$4,250,000
$422/SF
Building Size
10,064 SF
Asset Type
MultiFamily
Closing
Nov 14, 2018
About this deal
AI
A multi-family property in Burbank, located at 635 E Cypress, has recently been sold at a price of $4,250,000. The property spans across 10,064 square feet and is composed of 9 individual units. With a price per square foot of $422, this property offers a lucrative investment opportunity in the Burbank market.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $4,250,000
- Square Footage: 10,064
- Price per Square Foot: $422
- Address: 635 E Cypress, Burbank
- Number of Units: 9
The sale of this multi-family property was facilitated by Gregory H. Alexanian from Alexanian Advisors. As a reputable broker, Gregory H. Alexanian played a crucial role in representing the parties involved in this transaction. This successful deal highlights his expertise in the Burbank market and solidifies his reputation as a reliable broker.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93