SOLD
LA Apartments Acquires Westside Multifamily Portfolio For $30M
11735 Culver Boulevard, 11964 Lindblade Street, 4316 Berryman Avenue, 2712 Abbot Kinney Boulevard, 711 & 715 Machado Drive & 450 South Venice Boulevard
MultiFamily
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
The multifamily property located at 11735 Culver Blvd., 11964 Lindblade St., 4316 Berryman Ave., 2712 Abbot Kinney Blvd., 711 & 715 Machado Drive & 450 S. Venice Blvd. was recently sold on the Westside market. The property consists of 99 units and was sold for a total price of $30,000,000, resulting in a per unit price of $303,030.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Units: 99
- Price per Unit (PPU): $303,030
The buyer in this transaction was LA Apartments. The deal was facilitated by brokers Kevin Green, Joseph Grabiec, and Greg Harris from Institutional Property Advisors, who represented LA Apartments. Additionally, Peter Castleton from Voit Real Estate Services was involved in the deal as well.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Kevin Green, Joseph Grabiec, Greg Harris & Peter Castleton
DATE: 02/15/2022
ADDRESS: 11735 Culver Blvd., 11964 Lindblade St., 4316 Berryman Ave., 2712 Abbot Kinney Blvd., 711 & 715 Machado Drive & 450 S. Venice Blvd.
MARKET: Westside
ASSET TYPE: Multifamily
BUYER: LA Apartments
BROKERS: Kevin Green, Joseph Grabiec & Greg Harris (Institutional Property Advisors) - Marcus & Millichap; Peter Castleton - Voit Real Estate Services
SALE PRICE: $30,000,000
UNITS: 99 ~ PPU: $303,030View on map
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Address11735 Culver Boulevard, 11964 Lindblade Street, 4316 Berryman Avenue, 2712 Abbot Kinney Boulevard, 711 & 715 Machado Drive & 450 South Venice Boulevard
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