When Skyview Terrace Apartments sold last month in Burbank for $15.5 million, or $442,860 per unit, this deal signaled more than just another residential complex sale. 

According to Greg Alexanian, senior vice president of the KW Commercial team Alexanian Apartment Advisors in Burbank, Skyview Terrace is one of the rare newer multifamily complexes amid many aging buildings in the submarket to be listed. 

Located at 1301-1305 N. Hollywood Way, the 35-unit apartment building, which was built in 2008, came onto the market for the first time from the original developer-owner.  

...

Join our Membership to get the full story.


Are you a current Member? Sign In