Sean Burton Of Cityview And William R. Lindsay Of PCCP Acquire 243-Unit Multifamily Property For $76M

The multifamily asset involved in the transaction is the 243-unit Belle on Bev apartment complex located at 1800 Beverly Boulevard, Los Angeles, CA. The property was sold for $76,000,000, translating to a price per unit of $312,757. Completed in 2024, this mixed-use project also includes retail spaces, a speakeasy, and a cocktail bar, with the sale generating approximately $4.5 million in city transfer taxes, primarily from Measure ULA.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $76,000,000
• Units: 243
• Price Per Unit: $312,757
• Buyer: Sean Burton - Cityview; William R. Lindsay - PCCP
• Seller: Cityview

This transaction involved a joint venture between Cityview and PCCP, effectively transferring ownership of the property back to its original developer, Cityview. The transaction highlights the active involvement of key individuals: Sean Burton representing Cityview and William R. Lindsay representing PCCP in the deal.