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Bob Hart Of TruAmerica Multifamily Acquires Multifamily Asset From Sean Burton Of Cityview For $66.74M

Property Image
SOLD
$66,740,000
BH
Sean Burton

California

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MultiFamily
Sold 03/30/2026
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Property Image
SOLD

Bob Hart Of TruAmerica Multifamily Acquires Multifamily Asset From Sean Burton Of Cityview For $66.74M

11924 West Washington Boulevard

See Similar Deals
MultiFamily
Sold 03/30/2026
BH
Sean Burton
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily asset involved in the transaction is located at 11924 West Washington Boulevard, Los Angeles. The property was acquired for a total of $66,740,000 with 97 units, resulting in a price per unit of $688,041. The property, built in 2020, offers one- to three-bedroom units starting at $3,227/month and is currently 94% occupied. Additionally, it serves as collateral for a $43.38 million loan from Fannie Mae.

Summary of transation details:

Bob Hart represented TruAmerica Multifamily in the acquisition, while Sean Burton represented Cityview. The transaction was facilitated by brokers from Marcus & Millichap’s Institutional Property Advisors group.

Players

Institutional Property Advisors
Institutional Property Advisors
BROKERAGE
BH
TruAmerica Multifamily
Bob Hart
5 deals$268.2M volume
BUYER
Sean Burton
Sean Burton
7 deals$482M volume
SELLER
Fannie Mae
Fannie Mae
LENDER

Details

SOLD
IMAGE: Bob Hart & Sean Burton DATE: 03/30/2026 ADDRESS: 11924 West Washington Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Bob Hart - TruAmerica Multifamily (@TruAmericaMultifamily) SELLER: Sean Burton - Cityview BROKER: Institutional Property Advisors - Marcus & Millichap (@MarcusMillichapInc) LENDER: Fannie Mae (@OfficialFannieMae) SALE PRICE: $66,740,000 UNITS: 97 ~ PPU: $688,041 NOTE: TruAmerica Multifamily acquired the 97-unit Haven from Cityview for $66.74M ($688,041/unit).The 2020-built property offers one- to three-bedroom units starting at $3,227/month, is 94% occupied, and serves as collateral for a $43.38M Fannie Mae loan with a 10-year fixed rate; the deal was brokered by Marcus & Millichap’s Institutional Property Advisors.

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