Richard Mehta Purchases Multifamily Property In Agoura Hills For $6.85 Million From Andrea Palella

The property asset involved in the transaction is a multifamily building located at 5245 Chesebro Road in Agoura Hills. The sale price of the asset was $6,850,000, featuring a total of 24 units. The square footage of the property is 23,237, resulting in a price per unit of $285,416 and a price per square foot of $294.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,850,000
• Location: 5245 Chesebro Road, Agoura Hills
• Units: 24
• Price Per Unit: $285,416
• Square Footage: 23,237
• Price Per Square Foot: $294
• Buyer: Richard Mehta
• Seller: Andrea Palella
• Seller's Representative: Joe Penich - KW Commercial

This transaction involved key individuals including the buyer, Richard Mehta, and the seller, Andrea Palella. The seller's representative for this deal was Joe Penich from KW Commercial, indicating his role in facilitating this transaction between the buyer and seller.