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Harout Mkrtchian Acquires Retail Property In North Hollywood For $1.75M

10623 Burbank Boulevard
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This Retail property located in CA was sold for $1,795,000 almost 3 years ago. The brokers of the deal were Sayeh Foroutan and Elizabeth Clark

10649-10651 Burbank Blvd in North Hollywood has been sold in a recent transaction. The retail property, with a total area of 3,313 square feet, was sold for a price of $1,750,000, resulting in a price per square foot of $528. The sale took place on November 1, 2022. The buyer of the property is Harout Mkrtchian, while the seller is Caran Ebert.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,750,000
  • Address: 10649-10651 Burbank Blvd
  • Market: North Hollywood

The transaction was facilitated by the brokers Matthew Luchs and Brandon Michaels from Marcus & Millichap.

View Related

Deals
  • Location
    10623 Burbank Blvd, North Hollywood, CA, USA10623 Burbank Blvd, North Hollywood, CA, USA
  • Sale Price
    $1,795,000$1,795,000
    $359 PPSF$359 PPSF
  • Area
    4,991 SF4,991 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Sayeh Foroutan

Sayeh Foroutan

Deals10
Sold$17.2M

Agencies

Compass

Compass

Agency
Deals2902
Volume$20.9B

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

Deal Summary

SALE IMAGE: Matthew Luchs & Brandon Michaels DATE: 11/01/2022 ADDRESS: 10649-10651 Burbank Blvd MARKET: North Hollywood ASSET TYPE: Retail BUYER: Harout Mkrtchian SELLER: Caran Ebert BROKERS: Matthew Luchs (@MatthewLuchs) & Brandon Michaels (@BrandonMichaelsGroup) - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $1,750,000 SF: 3,313 ~ PPSF: $528

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10623 Burbank Boulevard

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