Deepak Mehta's Xenon Investment Corp Acquires Multifamily Property On S. Virgil Ave. In Los Angeles For $23.76M
$23,760,000
SOLD
$23,760,000
California
See Similar DealsMultiFamily
Sold 08/04/2020
$23,760,000
SOLD
Deepak Mehta's Xenon Investment Corp Acquires Multifamily Property On S. Virgil Ave. In Los Angeles For $23.76M
319 South Virgil Avenue, Los Angeles, CA 90020
See Similar DealsMultiFamily
Sold 08/04/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 315-319 S. Virgil Ave in Los Angeles was sold for a total of $23,760,000 on August 4, 2021. The property spans over 67,477 square feet, resulting in a price per square foot of $352.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $23,760,000
- Address: 315-319 S. Virgil Ave.
- Market: Los Angeles
The buyer of the property was Deepak Mehta, representing Xenon Investment Corp. The seller in this transaction was Anthony Tahan. Peter Strauss acted as the broker for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,267,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,414.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,634.52
Annual Debt Service$1,351,614.26
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