SOLD: 15-unit multi-family property in Burbank, Calif.
(08/2013) Burbank, Calif. – David Moskowitz of KW Commercial represented the buyer in a sale of a 15-unit multi-family property located at 111 West Angeleno Ave. for $3,150,000. The property is located just east of downtown Burbank. It consists of 15 units, 13 of which were two-bedroom. The property is located in an extremely desirable rental market with very low vacancy rates and is not subject to rent control. The property is in solid condition with upside rental potential. David consulted and executed the purchase and acquisition of the property for the client through clear analysis of his clients’ goals. David achieved his clients’ goal of acquiring a solid location for a property with some upside potential.