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319 South Virgil Avenue, Lo...

SOLDMultiFamily

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

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

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93