Updated Oct 29, 2024
TA Realty Acquires Venice Multifamily Property For $65M With Buyer's Rep James O. Buckingham & Seller's Rep Timothy J. Naughton
512 Rose Ave, Venice, CA 90291, USA
$65,000,000
$83,655/SF
Building Size
777 SF
Asset Type
MultiFamily
Closing
Sep 10, 2020
About this deal
AI
The multifamily property located at 512 Rose Avenue in Venice has been sold for a price of $65,000,000. The property consists of 70 units, resulting in a per unit price of $928,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $65,000,000
- Units: 70
- Price Per Unit: $928,500
TA Realty, represented by James O. Buckingham, acquired the property from AvalonBay Communities, represented by Timothy J. Naughton. The transaction was facilitated by Marcus & Millichap.
The multifamily sale at 512 Rose Ave, Venice, CA 90291, USA in Los Angeles, California sold for $65M in 2020. Reported inventory is 777 square feet across 70 units, or about 83.7K per square foot. Named participants on the 512 Rose Ave, Venice, CA 90291, USA sale are Timothy Naughton, James Buckingham. This page is the Los Angeles, California file for the 512 Rose Ave, Venice, CA 90291, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 512 Rose Ave, Venice, CA 90291, USA around 2020. Published consideration for 512 Rose Ave, Venice, CA 90291, USA is $65M, dated 2020. Cite this TA Realty Acquires Venice Multifamily Property For $65M With Buyer's Rep James O. Buckingham & Seller's Rep Timothy J. Naughton sale when underwriting similar multifamily product around Los Angeles, California.
On the Map
$65,000,000
$83,655/SF
MultiFamily
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Los Angeles MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93