facebook
Traded Co logo
Submit a Deal

Shuen Chao Acquires 4-Unit Multifamily Property In Burbank, CA For $1.6M

602 East Palm Avenue
PointingArrow
ShareContact

This MultiFamily property located in CA was sold for $1,600,000 over 1 year ago. The broker of the deal was Greg Alexanian

A multifamily property located at 602 E Palm Avenue in Burbank, CA, has been sold in a closed transaction. The property consists of 4 units, with a total square footage of 3,002. The sale price for the property was $1,600,000, resulting in a price per unit of $400,000 and a price per square foot of $533. The transaction took place on September 28, 2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 4
  • Price per Unit: $400,000
  • Square Footage: 3,002
  • Price per Square Foot: $533
  • Address: 602 E Palm Avenue, Burbank, CA

The buyer in this transaction is Shuen Chao, while the seller is Monat Lee. The broker involved in the deal is Greg Alexanian from Alexanian Apartment Advisors. It is worth noting that this was an all-cash sale.

The sale of the multifamily property at 602 E Palm Avenue in Burbank, CA, showcases a successful transaction in the real estate market. The involvement of key individuals and companies, such as the buyer Shuen Chao, seller Monat Lee, and broker Greg Alexanian from Alexanian Apartment Advisors, highlights the collaborative nature of the deal. The all-cash sale further demonstrates the confidence and financial capability of the parties involved in the transaction.

View Related

Deals
  • Location
    602 East Palm Avenue602 East Palm Avenue
  • Sale Price
    $1,600,000$1,600,000
    $533 PPSF$533 PPSF
  • Area
    3,002 SF3,002 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Greg Alexanian

Greg Alexanian

Deals36
Sold$184.3M

Agency

Alexanian Apartment Advisors

Alexanian Apartment Advisors

Agency
Deals42
Volume$228.6M

Social

Deal Summary

SALE IMAGE: Greg Alexanian DATE: 09/28/2022 ADDRESS: 602 E Palm Avenue MARKET: Burbank, CA ASSET TYPE: Multifamily BUYER: Shuen Chao SELLER: Monat Lee BROKER: Greg Alexanian (@Pwrbrkr_g) - Alexanian Apartment Advisors (@AlexanianAdvisors) SALE PRICE: $1,600,000 UNITS: 4 ~ PPU: $400,000 SF: 3,002 ~ PPSF: $533 NOTE FROM BROKER: All Cash Sale Philippians 4:19

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

602 East Palm Avenue

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits