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2037 N Las Palmas Ave, Los ...

Xenon Investment Corp Acquires Property In Los Angeles For $28.1 Million With Dean Zander And John Montakab As Brokers
SOLDMultiFamily

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

Dean Zander

Newmark

Broker

$2.1B

vol

34 deals

Broker
XC
Xenon Investment CorpBuyer

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