Positive Investments Acquires Burbank Multifamily Property From A & L Properties For $4.55M

The asset involved in this transaction is a multifamily property located at 350-354 E Cypress Ave, situated in the Burbank market. The property was sold for a total of $4,550,000 and consists of 26 units. It offers a total square footage of 18,127, resulting in a price per unit of $175,000 and a price per square foot of $251.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,550,000
• Units: 26
• Price Per Unit: $175,000
• Square Footage: 18,127
• Price Per Square Foot: $251
• Buyer: Positive Investments
• Seller: A & L Properties
• Buyer's Representative: David Cohen - The Cohen Company
• Note from Buyer's Representative: Off Market, All Cash 14 day Escrow

This transaction saw Positive Investments acquire the property, with the representation of David Cohen from The Cohen Company facilitating the deal for the buyer. The transaction was noted for being off market, highlighting the strategy and approach taken in this acquisition.