Updated Apr 28, 2026
Kilroy Realty Sells Two Hollywood Multifamily Towers For $202 Million Under Angela Aman
1550 El Centro Avenue & 6390 De Longpre Avenue
$202,000,000
Units
393
Asset Type
MultiFamily
Closing
Apr 27, 2026
About this deal
AI
Two multifamily towers located at 1550 El Centro Avenue and 6390 De Longpre Avenue in Hollywood were sold for a total price of $202,000,000. The properties, under the ownership of Kilroy Realty, encompass 393 units, resulting in a price per unit of $513,995.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $202,000,000
- Units: 393
- Price Per Unit: $513,995
- Seller: Angela M. Aman - Kilroy Realty
The sale was part of Kilroy Realty's strategy to divest non-core assets within its Los Angeles portfolio, as indicated by CEO Angela Aman. This transaction coincided with additional office sales and portfolio repositioning, as the REIT recorded a quarterly net loss of $19 million.
On the Map
$202,000,000
MultiFamily
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Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93