Unfortunately I am not going to have a lot of time to invest in this answer.
This is a project overseen by Burbank Redevelopment.
According to the title data there were two records for one of the listings. One was a Burbank Redevelopment
Mortgage for $226,500, followed by the buyer's mortgage for 163,500. The sum of the two together appears to be the actual sale price.
So it appears that there were some special arrangements and the end result is when the title information is recorded, it appears that the "last transfer" was for a lower amount. The market in Burbank is getting tighter, inventory is shrinking, so don't look for "great deals" from developers. Good maybe, but not great.
The low prices that you see are restricted price units as a result of an agreement between the City of Burbank and the Developer Champion. These units were sold below market to buyers that met strict income, and other criteria established by the City and the Developer. I think there were 16 or so of 118 total units designated as such. This is a fabulous community with plenty of retail and is centrally located in the heart of Burbank.
If anyone is interested in pricing and availability please email me directly.
The Bluewave Group, Inc.
I don't believe those numbers are accurate. I was not able to verify that info with other websites. The 1 bedroom condos in the complex start at $399K.
Let me know if you are interested in condos in Burbank. Call or e-mail me your criteria and I will send you a list.