Updated Jun 19, 2026
Marsh Alllo Sells Multifamily Asset In Burbank For $1,315,000 With Greg Alexanian As Seller's Rep
640 Whitnall Highway
$1,315,000
$377/SF
Building Size
3,482 SF
Asset Type
MultiFamily
Closing
Jun 17, 2026
About this deal
AI
The multifamily asset located at 640 Whitnall Highway in the Burbank market has been sold for $1,315,000. The property comprises 6 units, with a price per unit of $219,166. It spans 3,482 square feet, which equates to a price per square foot of $377.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,315,000
- Units: 6
- Price Per Unit: $219,166
- Square Footage: 3,482
- Price Per Square Foot: $377
- Seller: Marsh Alllo
- Seller's Representative: Greg Alexanian - Alexanian Apartment Advisors
The transaction was exclusively listed and negotiated by the Alexanians as an off-market all-cash deal. The seller is noted to have achieved the lowest cap rate in Burbank in over 1,000 days according to crmls data.
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
12.06%
Cash-on-Cash
-3.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93