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721 Bel Aire Drive

Kourosh Rostami Purchases Single Family Home From Thomas Mast In Burbank For $1.75M
SOLDSingle Family Residence

Kourosh Rostami Purchases Single Family Home From Thomas Mast In Burbank For $1.75M

721 Bel Aire Drive

$1,750,000

$885/SF

Building Size

1,976 SF

Asset Type

Single Family Residence

Closing

Jun 17, 2025

AI

The property asset involved in this transaction is a single-family home located at 721 Bel Aire Drive in Burbank. The sale price for this property was $1,750,000, with a total square footage of 1,976 square feet, equating to a price per square foot of $885.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,750,000
  • Address: 721 Bel Aire Drive
  • Market: Burbank
  • Square Footage: 1,976
  • Price per Square Foot: $885
  • Buyer: Kourosh Rostami
  • Seller: Thomas Mast
  • Brokers: Ethan Donel, Daniel Hirth & Alex Reyhan - The Hirth Group

Ethan Donel and Daniel Hirth of The Hirth Group represented the buyer, Kourosh Rostami, in this transaction, which was part of his upleg. The brokers successfully negotiated a below-list price sale that included buyer credits, outperforming multiple competing offers. Their team provides guidance throughout the real estate process, addressing needs from selling a downleg to securing the appropriate upleg opportunity.

Players

Ethan Donel

The Hirth Group

Broker

$59.8M

vol

25 deals

Broker
The Hirth Group
The Hirth GroupBrokerage

Burbank Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93