Faruque Sikder Acquires Multifamily Property In Burbank For $4.62M

Located at 718 S. 5th St. in Burbank, this multifamily property was recently sold in a closed transaction. The sale was facilitated by brokers Morgan McMullin and Chris Chasin. The property consists of 11 units with a total square footage of 10,998. The sale price for this transaction was $4,620,000, which translates to a per-unit price of $420,000 and a per-square-foot price of $420.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,620,000
• Address: 718 S. 5th St.
• Market: Burbank

Faruque Sikder purchased the property from Andy Patel. The deal was successfully closed with the assistance of Morgan McMullin and Chris Chasin, who represented the buyer and seller respectively.