Deepak Mehta Acquires Multifamily Property In Los Angeles For $11.9M
SOLD
California
See Similar DealsMultiFamily26,990 SF
Sold 07/01/2022
SOLD
Deepak Mehta Acquires Multifamily Property In Los Angeles For $11.9M
1620 South Bentley Avenue
See Similar DealsMultiFamily26,990 SF
Sold 07/01/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$440
Total Square Footage:26,990 SF
Transaction Type:Sale
The multifamily property located at 1620 S. Bentley Ave. in Los Angeles has been sold in a closed transaction. The property consists of 17 units, along with 1 non-conforming unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,900,000
- Units: 18
- Price Per Unit: $661,111
- Square Footage: 26,990
- Price Per Square Foot: $440
- Address: 1620 S. Bentley Ave., Los Angeles
The buyer of the property is Deepak Mehta, while the sellers are Stella Beretsky & Vladimir Chertok. The transaction was facilitated by brokers Jon Taksa & Rob Renshaw.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$634,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,278.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,412.07
Annual Debt Service$676,944.85
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