Updated Dec 21, 2023
Lisa Chase Sells Multifamily Property In Burbank For $1.64M With Broker Greg Alexanian
725 East Magnolia Boulevard, Burbank, CA 91501
$1,640,000
$502/SF
Building Size
3,264 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
The multifamily property located at 725 E Magnolia Blvd in Burbank has recently been sold for a total price of $1,640,000. The property spans across 3,264 square feet, resulting in a price per square foot of $502. The sale took place on July 30, 2021, and was facilitated by broker Greg Alexanian.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,640,000
- Address: 725 E Magnolia Blvd, Burbank
- Market: Burbank
Lisa Chase was the seller of the property, with Greg Alexanian acting as the broker in the transaction. The involvement of these key individuals ensured a smooth and successful sale.
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
9.67%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93