Los Angeles Real Estate News
5 Property Apartment Porfolio in San Fernando Valley Sells for $51 Million
A 243-unit apartment porfolio in the San Fernando Valley was purchased for $51 million ($210 per unit) in two separate transactions. The Seller, also the original developer and property manager of all five assets for thirty years, sold three of the properties including a 105-unit apartment complex in Sherman Oaks. The other two properties in Lake Balboa consisted of a 48 and 54-unit apartment community and were purchased by Lino Real Estate. See Article.