Rick & Paul Julian Of Advanced Real Estate Acquire Multifamily Asset From Kilroy Realty For $202M
1550 El Centro Avenue & 6390 De Longpre Avenue
$202,000,000
$542/SF
Building Size
372,364 SF
Asset Type
MultiFamily
Closing
Apr 24, 2026
AI
The property involved in this transaction is a multifamily asset located at 1550 El Centro Avenue & 6390 De Longpre Avenue in the Los Angeles market. The sale price for this asset was $202,000,000, encompassing 393 units over a total square footage of 372,364. The price per unit (PPU) was $513,995 and the price per square foot (PPSF) was $542.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $202,000,000
- Units: 393
- Square Footage: 372,364
- Price Per Unit: $513,995
- Price Per Square Foot: $542
- Buyer: Rick & Paul Julian - Advanced Real Estate
- Seller: Kilroy Realty
- Broker: Blake Rogers - JLL
This transaction was facilitated by broker Blake Rogers representing Kilroy Realty, ensuring a smooth process for both the buyer and seller. The involvement of Advanced Real Estate highlights the dynamic nature of the Los Angeles multifamily market.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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