Gerro Properties Acquires Single Family Property In Burbank For $7.15M

A single-family property located at 507 E Cedar Ave in Burbank has recently been sold for $7,150,000. The property spans over 16,816 square feet, resulting in a price per square foot of $425. This transaction involved the sale of 20 units, with a price per door of $357,500.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $7,150,000
• Address: 507 E Cedar Ave, Burbank
• Market: Burbank
• Square Footage: 16,816
• Price per Square Foot: $425
• Units: 20
• Price per Door: $357,500

The seller of the property was Smallenburg Family LLC, while Gerro Properties acted as the buyer. The transaction was facilitated by Sevak Keshishian and Andy Kawatra from @theskgroup, who represented their respective clients in the deal.