Universe Holdings Acquires Los Angeles Apartment Complex For $100M

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.