Alec Zehnaly Purchases Multifamily Asset From Deepak Mehta & Nataliya Mehta For $8.31M
SOLD
$8,315,000
California
See Similar DealsMultiFamily18,044 SF
Sold 06/19/2025
SOLD
Alec Zehnaly Purchases Multifamily Asset From Deepak Mehta & Nataliya Mehta For $8.31M
520 North Hollywood Way
See Similar DealsMultiFamily18,044 SF
Sold 06/19/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$460
Total Square Footage:18,044 SF
Transaction Type:Sale
The property involved in the transaction is a multifamily asset located at 520 North Hollywood Way in Burbank. The transaction was completed for a price of $8,315,000, encompassing a total square footage of 18,044, resulting in a price per square foot of $460.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $8,315,000
- Address: 520 North Hollywood Way
- Market: Burbank
- Square Footage: 18,044
- Price per Square Foot: $460
- Buyer: Alec Zehnaly
- Seller: Deepak Mehta & Nataliya Mehta
- Broker: Greg Alexanian - Alexanian Apartment Advisors
Key individuals in the transaction include Alec Zehnaly as the buyer and Deepak Mehta & Nataliya Mehta as the sellers. The deal was facilitated by broker Greg Alexanian representing the sellers in this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$443,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,541.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,417.34
Annual Debt Service$473,008.11
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