Post Investment Group Buys Los Angeles Apartment Complex
The firm acquired the 302-unit Violet on Virgil property for $60 million to add to its portfolio.
Updated on Oct. 21, 2026 in Commercial
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Post Investment Group purchased the Violet on Virgil apartment complex in Los Angeles for $60 million. This acquisition reflects a 33.3 percent price drop compared to the property's 2018 sale price.
Why it matters
The sale highlights how increased multifamily construction deliveries and rising refinancing costs have pressured the value of older residential properties in the local market.
The 3-acre property at 160 S. Virgil Ave. houses 302 units that debuted in 1971. Post Investment Group secured the deal with a $47.3 million Freddie Mac loan originated by KeyBank.
The players
Post Investment Group
This firm is a real estate investment company that recently acquired the Violet on Virgil apartment complex.
LivCor
This real estate asset management firm served as the seller of the 302-unit apartment property.
KeyBank
This financial institution acted as the originator for the $47.3 million acquisition loan used in the transaction.
Pacific Urban Investors
This investment group is a market competitor that recently purchased the Next on Sixth property.
The details
The transaction follows a trend of price corrections in the Koreatown and Mid-Wilshire submarkets, where cap rates reached 6.7 percent during the first half of 2026. The property consists of two low-rise buildings offering studio, one-bedroom, and two-bedroom apartment layouts.
Timeline
The Violet on Virgil property originally debuted in 1971.
The property previously sold for $90 million in 2018.
Next on Sixth sold for $189 million in 2019.
Koreatown and Mid-Wilshire submarket cap rates hit 6.7 percent in the first half of 2026.
Pacific Urban Investors purchased Next on Sixth in June 2026.
Culture Shift
The transaction follows the valuation benchmarks set by the 2026 Koreatown and Mid-Wilshire submarket 6.7 percent cap rate. This sale aligns with the broader institutional repricing occurring across Los Angeles as investors recalibrate expectations for aging multifamily assets.
The sale of a large, aging apartment complex often precedes internal upgrades or changes in property management policies for current residents. Renters in the area should monitor future renovation announcements that could influence unit availability or pricing.
The takeaway
Large-scale asset sales often signal a wider shift in neighborhood investment strategies as new construction alters demand. Property owners and prospective investors should closely observe cap rate fluctuations when assessing the viability of older residential stock.
Further reading
For additional context on local market trends, explore the latest Commercial listings and reports.
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