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314 South Virgil Avenue, Lo...

Updated Jul 28, 2026

SOLDMultiFamily

Deepak Mehta's Xenon Investment Corp Acquires Multifamily Property In Los Angeles For $17.4M

314 South Virgil Avenue, Los Angeles, CA 90020

$17,440,000

Building Size

Asset Type

MultiFamily

Closing

Aug 4, 2020

About this deal

AI

The multifamily property located at 310-314 S. Virgil Ave. in Los Angeles has been sold for a total price of $17,440,000. Spanning 53,240 square feet, the property was acquired by Deepak Mehta of Xenon Investment Corp from seller Anthony Tahan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,440,000
  • Address: 310-314 S. Virgil Ave.
  • Market: Los Angeles
Peter Strauss of [Broker's Agency] represented both parties in the deal as the broker.

The multifamily sale at 314 South Virgil Avenue, Los Angeles, CA 90020 in Los Angeles, California sold for $17.4M in 2020. 314 South Virgil Avenue, Los Angeles, CA 90020 is classified as Multifamily on Traded. Named participants on the 314 South Virgil Avenue, Los Angeles, CA 90020 sale are Peter Strauss, Deepak Mehta, Anthony Tahan. This page is the Los Angeles, California file for the 314 South Virgil Avenue, Los Angeles, CA 90020 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 314 South Virgil Avenue, Los Angeles, CA 90020 around 2020. Published consideration for 314 South Virgil Avenue, Los Angeles, CA 90020 is $17.4M, dated 2020. Cite this Deepak Mehta's Xenon Investment Corp Acquires Multifamily Property In Los Angeles For $17.4M sale when underwriting similar multifamily product around Los Angeles, California.

Players

Peter Strauss

Broker

$61.9M

vol

7 deals

Broker
Deepak Mehta

Deepak Mehta

Xenon Investment Corp

Buyer

$380.5M

vol

29 deals

Buyer

Anthony Tahan

Seller

$41.2M

vol

2 deals

Seller

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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