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Deepak Mehta & Nataliya Mehta Acquire MultiFamily Property In Los Angeles For $3.9M

Property Image
SOLD
$3,900,000
NM
Deepak Mehta
YP

California

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MultiFamily10,683 SF
Sold 06/23/2023
the dealplayerscompscontact
Property Image
SOLD

Deepak Mehta & Nataliya Mehta Acquire MultiFamily Property In Los Angeles For $3.9M

1527 Veteran Ave Los Angeles, CA 90024, USA

See Similar Deals
MultiFamily10,683 SF
Sold 06/23/2023
NM
Deepak Mehta
YP
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$365
Total Square Footage:10,683 SF
Transaction Type:Sale

A multi-family property located at 1527 Veteran Avenue in Los Angeles has been sold for $3,900,000. The property consists of 8 units with a price per unit of $487,500. It has a total square footage of 10,683, resulting in a price per square foot of $365.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,900,000
  • Units: 8
  • Price per Unit: $487,500
  • Square Footage: 10,683
  • Price per Square Foot: $365

The buyer of the property is Deepak Mehta & Nataliya Mehta, while the seller is Yungho Pok.

Players

NM
Nataliya Mehta
11 deals$180.9M volume
BUYER
YP
Yungho Pok
2 deals$8.1M volume
SELLER

Details

SOLD
IMAGE: Deepak Mehta & Nataliya Mehta DATE: 06/23/2023 ADDRESS: 1527 Veteran Avenue MARKET: Los Angeles ASSET TYPE: MultiFamily BUYER: Deepak Mehta (@Thedeepakmehta) & Nataliya Mehta (@Nataliyamehta) SELLER: Yungho Pok SALE PRICE: $3,900,000 UNITS: 8 ~ PPU: $487,500 SF: 10,683 ~ PPSF: $365

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88