SOLD
BRAD Management Acquires 11-Property SFR Portfolio In Los Angeles For $28.5M
1175 West 29th Street, 2832 Menlo Avenue, 1358 West 29th Street, 1360 West 29th Street, 1329 West 29th Street, 1137 West 29th Street, 1175 West 29th Street, 1163 West 29th Street, 1151 West 29th Street, 1481-1483 West 25th Street, 1179 West 29th Street, & 1535 West 30th Street
20 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
20 sqft
The BRAD Management and Affiliates, in a deal facilitated by broker Davis Saadian of Davis Saadian Group - Compass, have acquired an 11-property single-family residential portfolio from 29th Street Housing. The properties are situated just one block away from the campus in Los Angeles, CA. This prime located student housing portfolio includes the following addresses: 1175 W 29th St., 2832 Menlo Ave., 1358 West 29th St., 1360 West 29th St., 1329 West 29th St., 1137 West 29th St., 1175 West 29th St., 1163 West 29th St., 1151 West 29th St., 1481-1483 West 25th St., 1179 West 29th St., and 1535 West 30th St. The portfolio spans over a total area of 20,000 square feet.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $28,500,000
- Price per Square Foot: $1,425
- Buyer: BRAD Management and Affiliates
- Seller: Taeko Lee
Note: Moxie Management will be responsible for the management of all assets within the BRAD Management and Affiliates' newly acquired student housing portfolio.
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Details
SOLD
IMAGE: Brennan Wise, Deniz Arac (@Deniz_Arac), Tyler Virgadamo (@TylerVirgadamo) & Jerry Wise
DATE: 11/17/2022
ADDRESS: 1175 W 29th St., 2832 Menlo Ave., 1358 West 29th St., 1360 West 29th St., 1329 West 29th St., 1137 West 29th St., 1175 West 29th St., 1163 West 29th St., 1151 West 29th St., 1481-1483 West 25th St., 1179 West 29th St., & 1535 West 30th St.
MARKET: Los Angeles, CA
ASSET TYPE: Student Housing
BUYER: BRAD Management and Affiliates
SELLER: Taeko Lee
BROKER: Davis Saadian (@DavisSaadian) - Davis Saadian Group - Compass (@Compass) (@CompassCalifornia); (@MoxieUSC)
SALE PRICE: $28,500,000
SF: 20,000 ~ PPSF: $1,425
NOTE: BRAD Management and its Affiliates has purchased an 11 property SFR portfolio from 29th Street Housing. This is prime located student housing located one block from campus. Moxie Management will manage all assets.View on map
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Address1175 West 29th Street, 2832 Menlo Avenue, 1358 West 29th Street, 1360 West 29th Street, 1329 West 29th Street, 1137 West 29th Street, 1175 West 29th Street, 1163 West 29th Street, 1151 West 29th Street, 1481-1483 West 25th Street, 1179 West 29th Street, & 1535 West 30th Street
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