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1550 El Centro Avenue

Updated May 4, 2026

Rick & Paul Julian Of Advanced Real Estate Acquire Multifamily Asset From Kilroy Realty For $202M
SOLDMultiFamily

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

203,515 SF

Asset Type

MultiFamily

Closing

Apr 24, 2026

About this deal

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.

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$202,000,000

$542/SF

MultiFamily

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Players

Blake Rogers

JLL

Broker

$2.3B

vol

24 deals

Broker
AE
Advanced Real EstateBuyer
KR
Kilroy RealtySeller
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $542 per square foot on a published $202M for 372,364 square feet (2026).

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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

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