Multifamily Property in Burbank
SOLD: $3,205,000 CAP RATE: 4.59% GRM: 14.53 PRICE PER SQUARE FOOT: $499
Beautiful two bedroom and two-bathroom home, located in the desirable Burbank area. This home is in the quiet neighborhood close to major studios. Home is freshly painted; original style is well kept. hardwood floors throughout, coin laundry in the complex and convenient one car garage in the back. Close to shopping strip with lots of shops and restaurants.
Investment Highlights
Ten charming bungalow style units
The property is not subject to any local or city rent control
Adjacent to Toluca Lake and Studio City
Property sits on a double lot totaling 12,500 SF of land
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com
About This Sale
The Saghian Group (Lyon Stahl) sold 4135 Warner Blvd in Burbank for $3,205,000. The price reflected a 4.59% cap rate, a 14.53 GRM and $499 per square foot.
The property sits on a double lot of 12,500 square feet next to Toluca Lake and Studio City. It is not subject to local or city rent control.
The property was exclusively listed and sold by David Saghian.
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David Saghian leads The Saghian Group (Lyon Stahl), a Los Angeles multifamily team with a $425M+ track record.