Deepak Mehta Acquires Multifamily Property On Sawtelle Blvd. For $33M

An office building located at 2820 Sawtelle Blvd. in Los Angeles has been sold in a recent transaction. The multifamily property, comprising 66 units, was purchased by Deepak Mehta for a total sale price of $33,000,000. The sale price per unit amounted to $500,000, while the total square footage of the property was 78,318, resulting in a price per square foot of $421.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $33,000,000
• Units: 66
• Price per Unit: $500,000
• Square Footage: 78,318
• Price per Square Foot: $421

Deepak Mehta acted as the buyer in this transaction, while John Dudzinsky and John Lu were the sellers. The deal was facilitated by Hamid Soroudi of 's REP.