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157 West Ash Avenue

The Multi Family property located in Los Angeles that spans 4,564 square feet sold for $2,210,000 or $484 PPSF. The deal closed 5 months ago. The brokers of the deal were Glen Scher and Filip Niculete

  • Location image 157 West Ash Avenue, Burbank, California 91502, United States
  • Sold Value
    image $2,210,000
    image $484
  • Asset Type image Multi Family
  • Area image 4,564 SF
  • Parties image2 Brokers,1 Agency
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Glen Scher icon

Marcus & Millichap
  • Deals 136
  • Volume $555,740,000
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Filip Niculete icon

Marcus & Millichap
  • Deals 141
  • Volume $596,250,000
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Comparables: 157 West Ash Avenue

Showing 4 of 117

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Price Icon $1,980,000

  • StatusSOLD, $555 PPSF
  • Date09/07/22
  • Address1653 North Cypress Street, La Habra Heights, California 90631, United States
  • Address1653 North...
  • AssetMULTI FAMILY
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Price Icon $2,045,000

  • StatusSOLD, $315 PPSF
  • Date08/24/22
  • Address14843 Gilmore Street, Van Nuys, California 91411, United States
  • Address14843 Gilmore...
  • AssetMULTI FAMILY
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Price Icon $2,050,000

  • StatusSOLD, $330 PPSF
  • Date08/05/22
  • Address713 Edgewood Street, Inglewood, California 90302, United States
  • Address713 Edgewood...
  • AssetMULTI FAMILY
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Price Icon $2,535,000

  • StatusSOLD, $546 PPSF
  • Date07/01/22
  • Address12942 Moorpark Street, Studio City, California 91604, United States
  • Address12942 Moorpark...
  • AssetMULTI FAMILY
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This Deal on Social

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
#1 Highest Price/SqFt Ever
#3 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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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
#1 Highest Price/SqFt Ever
#3 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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Contact Glen Scher

"Glen Scher is a senior associate at Marcus & Millichap’s Encino, California office. Glen specializes in the acquisition and disposition...

"Upon graduating from San Diego State University, Filip began his career in finance as a financial advisor. In 2011 he...

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