Deepak Mehta's Xenon Investment Corp Acquires Multifamily Property In Los Angeles For $17.4M
314 South Virgil Avenue, Los Angeles, CA 90020
$17,440,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 4, 2020
AI
The multifamily property located at 310-314 S. Virgil Ave. in Los Angeles has been sold for a total price of $17,440,000. Spanning 53,240 square feet, the property was acquired by Deepak Mehta of Xenon Investment Corp from seller Anthony Tahan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,440,000
- Address: 310-314 S. Virgil Ave.
- Market: Los Angeles
Peter Strauss of [Broker's Agency] represented both parties in the deal as the broker.
Players
Los Angeles 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93