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

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SOLD
$28,100,000

California

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MultiFamily
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Property Image
SOLD

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...

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MultiFamily
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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
34 deals$2.1B volume(310) 407-6522
BROKER

John Montakab
Walker & Dunlop
4 deals$125.1M volume(949) 208-8454
BROKER

BUYER

Details

SOLD
IMAGE: 2037 N Las Palmas Ave, Los Angeles... MARKET: Los Angeles BUYER'S REP: Dean Zander -CBRE, John Montakab -Walker & Dunlop BUYER: Xenon Investment Corp SELLER: Private Investor PRICE: $28,100,000.00 SF: 0

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

$1,498,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$99,833.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$133,208.34
Annual Debt Service$1,598,500.03