Xenon Investment Corp/Mehta Family Acquires Multifamily Portfolio In Koreatown & Tarzana For $23.3M
245 South Serrano Avenue & 5405 Lindley Avenue
76,674 SF
Summary
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.
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