Deepak Mehta's Xenon Investment Corporation Acquires Multifamily Property On South Serrano Avenue In Los Angeles For $9.8M
SOLD
$9,800,000
California
See Similar DealsMultiFamily27,252 SF
Sold 01/25/2023
SOLD
Deepak Mehta's Xenon Investment Corporation Acquires Multifamily Property On South Serrano Avenue In Los Angeles For $9.8M
238 South Serrano Avenue
See Similar DealsMultiFamily27,252 SF
Sold 01/25/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$359
Total Square Footage:27,252 SF
Transaction Type:Sale
A multifamily property located at 238 South Serrano Avenue in Los Angeles has been sold. The property consists of 51 units with a total square footage of 27,252. The sale price for this transaction was $9,800,000, resulting in a price per unit of $192,157 and a price per square foot of $360.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,800,000
- Address: 238 South Serrano Avenue, Los Angeles
- Market: Los Angeles
- Buyer: Deepak Mehta - Xenon Investment Corporation
- Seller: Jisoo Suh
- Brokers: Andres Diaz & Daniel Shon - Keller Williams
- Units: 51
- Price per Unit: $192,157
- Square Footage: 27,252
- Price per Square Foot: $360
The buyer in this transaction is Deepak Mehta, representing Xenon Investment Corporation. The seller is Jisoo Suh. Acting as brokers for this deal are Andres Diaz and Daniel Shon from Keller Williams.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$522,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00
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