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

Property Image
SOLD
$8,315,000

California

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MultiFamily18,044 SF
Sold 07/24/2025
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Property Image
SOLD

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

526 North Hollywood Way

See Similar Deals
MultiFamily18,044 SF
Sold 07/24/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$460
Total Square Footage:18,044 SF
Transaction Type:Sale

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.

Players

Andy Kawatra
27 deals$83M volume
BROKER

Marcus & Millichap
BROKERAGE

Deepak Mehta
29 deals$380.5M volume
SELLER

Details

SOLD
IMAGE: Andy Kawatra DATE: 07/24/2025 ADDRESS: 526 North Hollywood Way MARKET: Burbank ASSET TYPE: Multifamily BUYER: Zen Aly SELLER: Deepak Mehta BUYER'S REP: Andy Kawatra (@GettinSwiggyWitIt) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $8,315,000 UNITS: 20 ~ PPU: $415,750 SF: 18,044 ~ PPSF: $460

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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