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157 W Ash Ave
Apartment
Sold April 2022

157 W Ash Ave

Burbank, CA · Burbank

Sale Price

$2,210,000

$442,000

Price/Unit

3.81%

Cap Rate

About This Deal

5-unit apartment building in Burbank sold for $2,210,000 ($442,000/unit, 3.81% cap).

1031 Exchange|3 min read

Burbank | 5 Units | Record Breaking Sale

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The LAAA Team of Marcus & Millichap is pleased to announce the successful sale of this 5 unit multifamily property located at 157 West Ash Avenue in Burbank, CA 91502.

Record Sale

This 5 unit multifamily building has solidified its place in CoStar's the all-time sale record books for a 5+ unit multifamily property sale in Burbank's 91502 Zip Code.

157 W Ash Avenue is now the #1 highest price per square foot ever achieved, and the #3 highest price per unit ever achieved in 91502. These rankings come from CoStar which shows a total of 101 multifamily sales in 91502 since 1989, which is the furthest their records go back.

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16830 Ventura Blvd, Ste. 100, Encino, CA 91436 | (818) 212-2808