Mark Sandelson Acquires Multifamily Property At 711 North Hollywood Way For $10.35M

The property asset involved in this transaction is located at 711 North Hollywood Way in Burbank. This multifamily asset consists of 24 units and spans a total of 20,438 square feet. The sale price for this property was $10,350,000, translating to a price per unit of $431,250 and a price per square foot of $506.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,350,000
• Address: 711 North Hollywood Way
• Market: Burbank
• Units: 24
• Square Footage: 20,438
• Price Per Unit: $431,250
• Price Per Square Foot: $506
• Buyer: Mark Sandelson
• Seller: Deepak Mehta & Nataliya Mehta - Xenon Investment Corp
• Broker: Greg Alexanian - Alexanian Apartment Advisors

Mark Sandelson acquired this multifamily property from sellers Deepak Mehta and Nataliya Mehta, who are associated with Xenon Investment Corp. The transaction was facilitated by broker Greg Alexanian from Alexanian Apartment Advisors. A note from the broker references Matthew 6:33.