Deepak Mehta's Xenon Investment Corp Acquires Multifamily Property On S. Virgil Ave. In Los Angeles For $23.76M
319 South Virgil Avenue, Los Angeles, CA 90020
$23,760,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 4, 2020
AI
The multifamily property located at 315-319 S. Virgil Ave in Los Angeles was sold for a total of $23,760,000 on August 4, 2021. The property spans over 67,477 square feet, resulting in a price per square foot of $352.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $23,760,000
- Address: 315-319 S. Virgil Ave.
- Market: Los Angeles
The buyer of the property was Deepak Mehta, representing Xenon Investment Corp. The seller in this transaction was Anthony Tahan. Peter Strauss acted as the broker for this deal.
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93