Zen Aly Purchases Multifamily Property From Deepak And Nataliya Mehta For $8.315M In Burbank

The asset involved in this transaction is a multifamily property located at 526 North Hollywood Way in the Burbank market. The sale price was $8,315,000 for a total of 20 units, equating to a price per unit of $415,750. The property spans a square footage of 18,044 with 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 & Nataliya Mehta
• Seller's Representative: Greg Alexanian - Alexanian Apartment Advisors
• Buyer's Representative: Andy Kawatra - Marcus & Millichap

The transaction involved Zen Aly as the buyer and Deepak Mehta & Nataliya Mehta as the sellers, with Greg Alexanian representing the sellers and Andy Kawatra representing the buyer. Note from broker: Matthew 6:33.