Deepak Mehta Acquires Multifamily Property In Los Angeles For $11.9M
1620 South Bentley Avenue
$11,900,000
$440/SF
Building Size
26,990 SF
Asset Type
MultiFamily
Closing
Jul 1, 2022
AI
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.
Players
Los Angeles 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93