Xenon Investment Corp. Acquires Multifamily Property In West Hollywood For $21.3M

The multifamily property located at 1635-1639 N. Martel Avenue in West Hollywood has been sold for a price of $21,300,000. This property consists of 60 units, with an average price per unit (PPU) of $355,000. The total square footage of the property is 67,329, with a price per square foot (PPSF) of $316.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $21,300,000
• Units: 60
• Price per Unit (PPU): $355,000
• Square Footage: 67,329
• Price per Square Foot (PPSF): $316
• Address: 1635-1639 N. Martel Avenue, West Hollywood
• Market: West Hollywood

Xenon Investment Corp. has purchased the property, with the transaction facilitated by Matthew Kanner from The Kanner Group, who represents KW Commercial.