Deepak Mehta Sells 15-Unit Multifamily Property In Los Angeles To Elliot Nayssan For $8.4M

The multifamily property located at 1626 Malcolm Avenue in Los Angeles has been sold in a closed transaction. The property consists of 15 units with a total square footage of 18,978. The sale price for the property was $8,400,000, resulting in a price per unit of $560,000 and a price per square foot of $443.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,400,000
• Units: 15
• Price per Unit: $560,000
• Square Footage: 18,978
• Price per Square Foot: $443
• Market: Los Angeles

The buyer of the property is Elliot Nayssan, while the seller is Deepak Mehta. The transaction was facilitated by brokers Elliot Sabag, Jeff Louks, and Hamid Soroudi from Marcus & Millichap.