LA Apartments Acquires Venice-Mar Vista Portfolio From Unknown Family Trust For $30M
SOLD
$30,000,000
California
See Similar DealsMultiFamily
SOLD
LA Apartments Acquires Venice-Mar Vista Portfolio From Unknown Family Trust For $30M
450 S Venice BLVD, Los Angeles, CA...
See Similar DealsMultiFamily
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The Venice-Mar Vista Portfolio, a six-property apartment portfolio located in the Westside region of Los Angeles, has been sold for $30 million. Built between 1961 and 1971, the properties are situated at 450 S Venice Blvd, Los Angeles, CA. The transaction took place in the Venice market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $30,000,000.00
- Seller's Representative: Peter Castleton
- Buyer: LA Apartments
- Seller: Unknown Family Trust
Representing the seller and procuring the buyer in this deal were Kevin Green, Joseph Grabiec, and Greg Harris of Institutional Property Advisors, a division of Marcus & Millichap, along with Peter Castleton of Voit Real Estate Services.
Players
BUYER
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)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
Is there something missing? Send suggestions