facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Other

/

Sale

/

760 South Hill Road, Ventur...

Updated Oct 29, 2024

Universe Holdings Acquires Los Angeles Apartment Complex For $100M
SOLDOther

Universe Holdings Acquires Los Angeles Apartment Complex For $100M

760 South Hill Road, Ventura, CA, USA

$100,000,000

$324/SF

Building Size

308,600 SF

Asset Type

Other

Closing

May 15, 2018

About this deal

AI

An apartment complex located at 760 S. Hill Road in Los Angeles has recently been sold in a closed transaction for $100,000,000. The property spans a total area of 308,600 square feet and is situated in the Ventura market. With a price per square foot of $324, the complex consists of 400 units. The per unit price equates to $250,000.

Summary of transaction details

  • Property Type: Apartment Complex
  • Transaction Amount: $100,000,000
  • Address: 760 S. Hill Road, Los Angeles
  • Market: Ventura
  • Total Square Footage: 308,600 sf
  • Price per Square Foot: $324
  • Number of Units: 400
  • Price per Unit: $250,000

This significant transaction was facilitated by the seller, NorthStar, and the buyer, Universe Holdings represented by Henry Manoucheri and Hanover Financial. The deal signifies the buyer's strategic move to expand their presence in the Los Angeles real estate market. Universe Holdings, along with the support of Hanover Financial, continues to demonstrate their commitment to growth and investment opportunities in the area.

Players

Ventura Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Deal FAQ

About $324 per square foot on a published $100M for 308,600 square feet (2018).

Browse California other sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets