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7044 Lanewood Avenue, Los A...

Xenon Investments Acquires Multifamily Property In Hollywood With Buyer's Rep Deepak Mehta
SOLDMultiFamily

Xenon Investments Acquires Multifamily Property In Hollywood With Buyer's Rep Deepak Mehta

7044 Lanewood Avenue, Los Angeles, CA, USA

$7,500,000

$437/SF

Building Size

17,130 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

AI

A multifamily property located at 7044 Lanewood in Hollywood has been sold in a recent transaction. The property, consisting of 33 units, spans across 17,130 square feet. The sale price for this multifamily asset was $7,500,000, with a price per unit of $227,272 and a price per square foot of $437.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Address: 7044 Lanewood
  • Market: Hollywood

The buyer of this property is Xenon Investments, represented by Deepak Mehta. The seller is the Voge Family Trust. The transaction was facilitated by brokers Dean Zander and Chris Tresp from CBRE.

Players

Christoper Tresp

CBRE

Broker

$344.3M

vol

10 deals

Broker
T
TrustSeller

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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93