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Abrahamian Investments Acquires Multifamily Property On 1409 W Victory Blvd In Burbank For $1.48M

1409 West Victory Boulevad
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This MultiFamily property located in CA was sold for $1,480,000 over 3 years ago. The broker of the deal was Andy Kawatra

A multifamily property located at 1409 W Victory Blvd. in Burbank has been sold in a recent transaction. The property consists of 4 units with a total square footage of 2,470. The asking price for the property was $1,400,000, and it was eventually sold for $1,480,000, indicating a sales price per unit (PPU) of $370,000. The price per square foot (PPSF) for the property is $599. The Gross Rent Multiplier (GRM) for the property is 18.68x, and the Capitalization Rate (CAP) is 3.75%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,480,000
  • Units: 4
  • Square Footage: 2,470
  • Asking Price: $1,400,000
  • Price per Unit (PPU): $370,000
  • Price per Square Foot (PPSF): $599
  • Gross Rent Multiplier (GRM): 18.68x
  • Capitalization Rate (CAP): 3.75%

The buyer in this transaction is Abrahamian Investments, represented by Haroutun Abrahamian. The seller of the property is Janice Champlin. Andy C. Kawatra from Marcus & Millichap acted as the buyer's representative in this deal.

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Deals
  • Location
    1409 West Victory Boulevard, Burbank, CA 91506, USA1409 West Victory Boulevard, Burbank, CA 91506, USA
  • Sale Price
    $1,480,000$1,480,000
    $599 PPSF$599 PPSF
  • Area
    2,470 SF2,470 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Andy Kawatra

Andy Kawatra

Deals23
Sold$61.9M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Andy C. Kawatra DATE: 07/29/2021 ADDRESS: 1409 W Victory Blvd. MARKET: Burbank ASSET TYPE: Multifamily BUYER: Abrahamian Investments - Haroutun Abrahamian SELLER: Janice Champlin BUYER’S REP: Andy C. Kawatra (@GettinSwiggyWitIt) - Marcus & Millichap ASKING PRICE: $1,400,000 SALE PRICE: $1,480,000 UNITS: 4 ~ PPU: $370,000 SF: 2,470 ~ PPSF: $599 GRM: 18.68x CAP: 3.75%

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1409 West Victory Boulevad

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