Confidential Broker Opinion of Value | Marcus & Millichap, #1 in U.S. Multifamily Sales
Heberly Trust Burbank Portfolio
Two-Property, Eight-Unit Burbank Multifamily Portfolio
8Total Units
2Properties
6,176Combined Building SF
1948 / 1955Year Built
Morgan Wetmore
Morgan Wetmore
Associate Investments
Glen Scher
Glen Scher
Co-Founder, LAAA Team
Filip Niculete
Filip Niculete
Co-Founder, LAAA Team

Prepared Exclusively for Heberly Trust

September 2026

Portfolio Overview
Two-Property, Eight-Unit Burbank Multifamily Portfolio
8Total Units
2Properties
$230,100Current Annual Rent
$153,806Current NOI

This portfolio comprises 2 apartment properties totaling 8 units. Each asset is valued independently on its own income, its own comparable set, and its own submarket, and each has a dedicated valuation page below.

The Properties

Screenland Dr
Screenland Dr
Burbank, CA 91505
5 units · 3,598 building SF · built 1955. Burbank 91505, 1955 Construction, No Local Rent Control
View the full valuation ›
Kenwood St
Kenwood St
Burbank, CA 91505
3 units · 2,578 building SF · built 1948. Burbank 91505, 1948 Construction, No Local Rent Control
View the full valuation ›
Portfolio Map
Team Track Record
Current Results, Local Market Experience, and Senior-Level Execution
LAAA Team | Marcus & MillichapLocal market knowledge. National reach. Senior-level execution.
494Closed Transactions
342Apartment Sales
$1.56BTotal Sales Volume
LAAA Portfolio Map
96.7%Apartment Pricing Accuracy
34Median Days on Market, Apartments

Published team performance, laaa.com/track-record, as of September 4, 2026.

A Track Record Built One Assignment at a Time

The LAAA Team has closed 494 transactions totaling $1.56B across 21 states and Washington, D.C., including 342 apartment sales covering 4,703 units.

Burbank is not a market we visit for one assignment. The closings listed below are ours, in this city, and one of them sits on Screenland Drive itself. The buyers who competed for them are the same buyers we will call about this portfolio.

The Team Behind the Assignment
Morgan Wetmore
Morgan Wetmore
Associate Investments
2025: Pace Setter Award, GRIT Award, Emerging Core Hustle Award. 2026: GRIT Award.
Glen Scher
Principal
Glen Scher
Co-Founder, LAAA Team
Senior Managing Director Investments and co-founder of the LAAA Team of Marcus & Millichap, specializing in Los Angeles apartment investment sales.
Filip Niculete
Principal
Filip Niculete
Co-Founder, LAAA Team
Senior Managing Director Investments and co-founder of the LAAA Team of Marcus & Millichap, specializing in Los Angeles apartment investment sales.
Key Achievements

Chairman's Club - Marcus & Millichap's top-tier annual honor
#1 in Multifamily Transactions, Los Angeles County - CoStar verified, trailing 3 years
10 Consecutive Sales Recognition Awards -
55 consecutive quarters with a closing - 96.7% apartment pricing accuracy
494 closed transactions - $1.56B in sales volume

As Featured In
How We Market Your Property
Position the Story, Reach the Market, and Work the Buyer List
23,500+Active Email Subscribers
36,000+Owner & Investor Contacts
60,000+Buildings Tracked
100+Targeted Buyer Calls

Our public, continuously maintained reach combines active email subscribers, owner and investor contacts, a building-owner database, and targeted direct buyer calls for each listing.

We are proactive marketers, not reactive.

The Campaign Plan

01

Targeted Buyer Outreach

Named calls into the Burbank owner pool, the 1031 exchange buyers trading in this size class, and the owner-user and private capital buyers who want a small Burbank building they can operate themselves.

Multifamily Investment Sales, Brokerage Company Ranking
Closed apartment transactions, trailing twelve months through Q1 2026
Marcus & Millichap
1,415
CBRE
778
Keller Williams
455
Berkadia
398
Newmark
352
Compass
334
JLL
312
Colliers International
285
Cushman & Wakefield
278
RE/MAX
260

Source: Sources: Marcus & Millichap Research Services, CoStar Group, Inc., Real Capital Analytics, NICMap. © 2026 Marcus & Millichap. All rights reserved.

Trailing 12-months through 1Q 2026. Apartment transactions include multifamily buildings 5 units and greater. Includes sales $1 million and greater in which the brokerage firms represented either the buyer or seller. Deals that were double-ended by the same brokerage are counted as one deal. Deals brokered by different firms on the buy side and sell side count as one deal for each brokerage. The information is based on internal and external information available to Marcus & Millichap. There may be other sources of information unavailable to Marcus & Millichap or other calculation methodologies which may change rankings and reported numbers. Parties are advised to do their own investigation when choosing a broker or making an investment decision.

48%of Marcus & Millichap buyers come from out of state
1.8xthe apartment transactions of the next firm, and more than the next two combined

Most brokers are reactive. They post the listing, run an email blast, and wait for the phone to ring. We do all of that, and we do it well. Then we do the part almost nobody does. We pick up the phone.

Before the buildings go to market, our system builds a probable buyer list for them specifically. It pulls the county assessment record for every property in the surrounding area: who owns it, where their mail goes, what they paid, when they bought, who financed it, and how many other buildings they hold. Out of that come the three groups most likely to buy a small Burbank building: owners of comparable product nearby, buyers who have closed on buildings this size recently, and exchange buyers with money that has to be placed on a deadline.

That list runs well over 100 names, and we call every one of them.