Zen Aly Acquires Multifamily Property In Burbank For $8.315 Million Represented By Andy Kawatra

The property asset involved in this transaction is a multifamily building located at 526 North Hollywood Way, Burbank. The sale price of the asset was $8,315,000, and it comprises 20 units. The total square footage of the property is 18,044, resulting in a price per unit of $415,750 and a price per square foot of $460.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,315,000
• Units: 20
• Price per Unit: $415,750
• Square Footage: 18,044
• Price per Square Foot: $460
• Buyer: Zen Aly
• Seller: Deepak Mehta
• Buyer's Representative: Andy Kawatra - Marcus & Millichap

Andy Kawatra from Marcus & Millichap represented the buyer, Zen Aly, in this transaction, facilitating the acquisition from the seller, Deepak Mehta. The deal highlights the efforts of the brokerage in bringing together the parties involved in this multifamily property transaction.