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

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.