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Rohit Mehta Acquires Multifamily Property In San Fernando Valley For $7.95M

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SOLD
$7,950,000

California

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MultiFamily22,100 SF
Sold 07/05/2022
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Property Image
SOLD

Rohit Mehta Acquires Multifamily Property In San Fernando Valley For $7.95M

18404 Vincennes St, Los Angeles, CA 91325

See Similar Deals
MultiFamily22,100 SF
Sold 07/05/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$359
Total Square Footage:22,100 SF
Transaction Type:Sale

The multifamily property located at 18404 Vincennes Street in San Fernando Valley has been sold for a price of $7,950,000. The transaction took place on 07/05/2022. The property consists of 28 units with a total square footage of 22,100. The price per unit is approximately $283,928, and the price per square foot is around $359. The buyer of the property is Rohit Mehta, represented by Westside Habitats. Carole Arnold is the seller of the property. The deal was facilitated by brokers Daniel Withers and John Boyett of Matthews Real Estate Investment Services.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,950,000
  • Date: 07/05/2022
  • Address: 18404 Vincennes Street
  • Market: San Fernando Valley
  • Buyer: Rohit Mehta - Westside Habitats
  • Seller: Carole Arnold
  • Brokers: Daniel Withers & John Boyett - Matthews Real Estate Investment Services
  • Units: 28
  • Price per Unit: $283,928
  • Square Footage: 22,100
  • Price per Square Foot: $359

The successful transaction was led by Rohit Mehta, who was accompanied by his representative from Westside Habitats. Carole Arnold served as the seller in this deal. Daniel Withers and John Boyett of Matthews Real Estate Investment Services played a crucial role as the brokers involved in bringing the buyer and the seller together.

Players

Daniel Withers
32 deals$198.2M volume(310) 365-5054
BROKER

John Boyett
CBRE
32 deals$190.7M volume(707) 815-7472
BROKER

Rohit Mehta
5 deals$105.8M volume
BUYER

Details

SOLD
IMAGE: Daniel Withers, John Boyett & Deepak Mehta DATE: 07/05/2022 ADDRESS: 18404 Vincennes Street MARKET: San Fernando Valley ASSET TYPE: Multifamily BUYER: Rohit Mehta (@TheDeepakMehta) - Westside Habitats (@WestsideHabitats) SELLER: Carole Arnold BROKERS: Daniel Withers (@DWithers7) & John Boyett (@John_Boyett_RealEstate) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $7,950,000 UNITS: 28 ~ PPU: $283,928 SF: 22,100 ~ PPSF: $359

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

$424,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,244.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,687.06
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