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Xenon Investments Corp. Acquires Multifamily Buildings In West Hollywood For $23.9M

1253 Havenhurst Drive & 1316-1322 Havenhurst Drive
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This MultiFamily property located in CA was sold for $23,900,000 almost 3 years ago. The brokers of the deal were Nicholas Ensbury, Mike Millea, and Martin Ensbury

The multifamily property located at 1253 Havenhurst Dr. & 1316-1322 Havenhurst Dr. in West Hollywood has been sold in a recent transaction. The property consists of 106 units with a total square footage of 56,062. The sale price for the property was $23,900,000, resulting in a price per unit of $225,471 and a price per square foot of $426. The cap rate for the property is reported to be 4.62% and 5.17%, indicating its potential return on investment.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $23,900,000
  • Address: 1253 Havenhurst Dr. & 1316-1322 Havenhurst Dr., West Hollywood
  • Market: West Hollywood
  • Units: 106
  • Price per Unit: $225,471
  • Square Footage: 56,062
  • Price per Square Foot: $426
  • Cap Rates: 4.62% & 5.17%

The buyer of the property is Xenon Investments Corp. The transaction was facilitated by brokers Martin Ensbury, Mike Millea, and Nicholas Ensbury of The Ensbury Group, representing KW Commercial. The lender involved in the deal was Tyler Bradford of Convoy Capital.

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Deals
  • Location
    1253 Havenhurst Dr, West Hollywood, CA, USA1253 Havenhurst Dr, West Hollywood, CA, USA
  • Sale Price
    $23,900,000$23,900,000
    $426 PPSF$426 PPSF
  • Area
    56,062 SF56,062 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Nicholas Ensbury

Nicholas Ensbury

Deals2
Sold$26.5M

Agency

Keller Williams

Keller Williams

Agency
Deals1208
Volume$6B

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Deal Summary

SALE IMAGE: @BrentGibro, @MikeMillea, Nicholas Ensbury @NEnsbury & Martin Ensbury DATE: 04/14/2021 ADDRESS: 1253 Havenhurst Dr. & 1316-1322 Havenhurst Dr. MARKET: West Hollywood ASSET TYPE: Multifamily BUYER: Xenon Investments Corp. BROKERS: Martin Ensbury, Mike Millea @MikeMillea & Nicholas Ensbury @NEnsbury (The Ensbury Group) - KW Commercial LENDER: Tyler Bradford - Convoy Capital @Convoy_Capital SALE PRICE: $23,900,000 UNITS: 106 ~ PPU: $225,471 SF: 56,062 ~ PPSF: $426 CAP: 4.62% & 5.17%

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1253 Havenhurst Drive & 1316-1322 Havenhurst Drive

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