The Mehra Family Acquires Mixed-Use Property In Corona For $4.5M

Located in the Corona market, the package deal at 40-13 & 40-15 104th Street recently changed hands in a sale transaction. The asset consists of 8 apartments and 2 stores, making it a mixed-use property. The zoning for the property is R6B for residential and C1-4 for commercial purposes. The total square footage of the property is 8,000 square feet. The sale price for this transaction was $4,500,000, resulting in a price per square foot of $562.

Summary of transaction details:

• Property Type: Package Deal (Mixed-use: 8 Apartments & 2 Stores)
• Transaction Amount: $4,500,000
• Address: 40-13 & 40-15 104th Street
• Market: Corona
• Zoning: R6B, C1-4

The buyer in this transaction was The Mehra Family, while The Sedgh Family acted as the seller. The deal was facilitated by Lev Mavashev and Ben Normatov from Alpha Realty, representing the respective parties.