Deepak Mehta's Xenon Investment Corporation Acquires Multifamily Property On South Serrano Avenue In Los Angeles For $9.8M
238 South Serrano Avenue
$9,800,000
$359/SF
Building Size
27,252 SF
Asset Type
MultiFamily
Closing
Jan 25, 2023
AI
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.
Players
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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93