Rose Affordable Housing Acquires Multifamily Property In Los Angeles For $223M
SOLD
$223,000,000
+ 3
California
See Similar DealsMultiFamily313,712,460 SF
Sold 11/15/2021
SOLD
Rose Affordable Housing Acquires Multifamily Property In Los Angeles For $223M
101 North Fair Oaks Avenue, Pasadena, CA 91103
See Similar DealsMultiFamily313,712,460 SF
Sold 11/15/2021
+ 3
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:313,712,460 SF
Transaction Type:Sale
The multifamily property located at 1141 North Fairoaks Avenue in Los Angeles has been sold for a total price of $223,000,000. The transaction took place on November 15, 2021. The property consists of 313 units, with an average price per unit of $712,460. It spans a total area of 320,420 square feet, resulting in a price per square foot of $695.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $223,000,000
- Units: 313
- Price per Unit: $712,460
- Square Footage: 320,420
- Price per Square Foot: $695
- Address: 1141 North Fairoaks Avenue, Los Angeles
- Market: Los Angeles
The buyer of the property is Nathan Taft, representing Rose Affordable Housing. The seller is Austin Herzog, who owns Pasadena Villages. The deal was facilitated by the brokers Dean Zander, Stew Weston, Jeff Kunitz, and Mike Canori.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$11,893,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$792,271.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,057,133.77
Annual Debt Service$12,685,605.23
Is there something missing? Send suggestions