Sergey Mahtesyan Acquires Multifamily Asset In Burbank For $2.21M
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This MultiFamily property located in CA was sold for $2,210,000 almost 2 years ago. The brokers of the deal were Glen Scher and Filip (Fil) Niculete
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- Location157 West Ash Avenue, Burbank, California 91502, United States
- Sale Price$2,210,000$484 PPSF
- Area4,564 SF
- Asset TypeMultiFamily
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Glen Scher & Filip Niculete
DATE: 04/29/2022
ADDRESS: 157 West Ash Ave.
MARKET: Burbank
ASSET TYPE: Multifamily
BUYER: Sergey Mahtesyan
SELLER: Matthew Cusumano & Kevin Charles
BROKERS: Filip Niculete (@FNiculete) & Glen Scher (@ScherGlen) (LAAA Team) (@LAAATeam) - Marcus & Millichap
SALE PRICE: $2,210,000
UNITS: 5 ~ PPU: $442,000
SF: 4,564 ~ PPSF: $484
GRM: 17.81x
CAP: 3.58%
NOTE FROM BROKER: 5 Units. Burbank. Built 1988
Sold Above List. Multiple Offers
Record Multifamily Sale in
Burbank's 91502 Zip Code
Highest Price/SqFt Ever
Highest Price/Unit Ever
Closed at $2,210,000
$484.22 per SqFt
$442,000 per Unit
3.58% CAP Rate
17.81 GRM
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157 West Ash Avenue
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