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2201-2245 South Beverly Gle...

Deepak Mehta & Nataliya Mehta Acquire Multifamily Property In Los Angeles For $66.1M
SOLDMultiFamily

Deepak Mehta & Nataliya Mehta Acquire Multifamily Property In Los Angeles For $66.1M

2201-2245 South Beverly Glen Boulevard

$66,100,000

$549/SF

Building Size

120,318 SF

Asset Type

MultiFamily

Closing

Mar 30, 2023

AI

The multifamily property located at 2201, 2225 & 2245 South Beverly Glen Boulevard in Los Angeles has been sold. The property consists of 113 units with an average price per unit of $584,956. The total square footage of the property is 120,318, with a price per square foot of $549. The transaction closed at a sale price of $66,100,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $66,100,000
  • Units: 113
  • Price per Unit: $584,956
  • Square Footage: 120,318
  • Price per Square Foot: $549
  • Location: 2201, 2225 & 2245 South Beverly Glen Boulevard, Los Angeles

Deepak Mehta and Nataliya Mehta were the buyers in the transaction, while Equity Residential acted as the seller. They successfully completed the deal, representing themselves in the transaction.

Players

Nataliya Mehta

Buyer

$180.9M

vol

11 deals

Buyer
Equity Residential
Equity ResidentialSeller

Market 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93