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

Property Image
SOLD
$66,100,000
NM
Deepak Mehta

California

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MultiFamily120,318 SF
Sold 03/30/2023
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Property Image
SOLD

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

2201-2245 South Beverly Glen Boulevard

See Similar Deals
MultiFamily120,318 SF
Sold 03/30/2023
NM
Deepak Mehta
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$549
Total Square Footage:120,318 SF
Transaction Type:Sale

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

NM
Nataliya Mehta
11 deals$180.9M volume
BUYER
Equity Residential
Equity Residential
SELLER

Details

SOLD
IMAGE: Nataliya Mehta & Deepak Mehta DATE: 03/30/2023 ADDRESS: 2201, 2225 & 2245 South Beverly Glen Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Deepak Mehta (@TheDeepakMehta) & Nataliya Mehta SELLER: Equity Residential (@EquityRes) SALE PRICE: $66,100,000 UNITS: 113 ~ PPU: $584,956 SF: 120,318 ~ PPSF: $549

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

$3,525,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$234,839.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$313,347.72
Annual Debt Service$3,760,172.67