Alec Zehnaly Purchases Multifamily Asset From Deepak Mehta & Nataliya Mehta For $8.31M
520 North Hollywood Way
$8,315,000
$460/SF
Building Size
18,044 SF
Asset Type
MultiFamily
Closing
Jun 19, 2025
AI
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
Burbank MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93