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
Burbank Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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