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
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