Xenon Investment Corp Acquires Property In Los Angeles For $28.1 Million With Dean Zander And John Montakab As Brokers
2037 N Las Palmas Ave, Los Angeles...
$28,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property located at 2037 N Las Palmas Ave, Los Angeles, was sold for a transaction price of $28,100,000.00. The asset is situated in the Los Angeles market. The total square footage for this property is not specified.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $28,100,000.00
- Address: 2037 N Las Palmas Ave, Los Angeles
- Market: Los Angeles
- Buyer: Xenon Investment Corp
- Seller: Private Investor
- Buyer's Representative: Dean Zander -CBRE, John Montakab -Walker & Dunlop
In this transaction, Xenon Investment Corp acquired the property from a Private Investor with representatives Dean Zander from CBRE and John Montakab from Walker & Dunlop facilitating the deal. The specific details regarding the property's features and characteristics are not further elaborated.
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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93