Xenon Investment Corp/Mehta Family Acquires Multifamily Portfolio In Koreatown & Tarzana For $23.3M

A portfolio of multifamily properties in Koreatown and Tarzana has been sold for a total of $23,300,000. The properties, located at 245 South Serrano Ave and 5405 Lindley Ave, were sold by Goldrich Kest to the buyer, Xenon Investment Corp/Mehta Family. The transaction was facilitated by brokers Vince Norris, Brent Sprenkle, and Eric Norris. The portfolio consists of 104 units, with a total square footage of 76,674 and a price per square foot of $303.88. The purchase price per unit was $224,038.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $23,300,000
• Address: 245 South Serrano Ave & 5405 Lindley Ave
• Market: Koreatown & Tarzana
• Buyer: Xenon Investment Corp/Mehta Family
• Seller: Goldrich Kest
• Brokers: Vince Norris, Brent Sprenkle, Eric Norris
• Square Footage: 76,674
• Price per Square Foot: $303.88
• Units: 104
• Purchase Price per Unit: $224,038
• Note: Allocated pricing, properties sold as a portfolio

Vince Norris, Brent Sprenkle, and Eric Norris represented the buyer, Xenon Investment Corp/Mehta Family, in this transaction. The properties were sold as a portfolio, offering diverse investment opportunities in both Koreatown and Tarzana.