The two multifamily complexes, Newlin Apartments and MiltonApartments, are located in Whittier. The 16-unit Newlin Apartmentscomplex is located at 7617-7623 Newlin Ave., while the 14-unitMilton Apartments complex stands at 7243-7247 Milton Ave.

Both complexes have been sold by Oregon-based private investorsArmando and Robin Rodriguez, who were represented by Ken Morgan andJay Skenderian of Morgan Skenderian. The Newlin Apartments complexhas been purchased by George Castelli of Lakewood, who wasrepresented by Sari Casar from Century 21. Shakti and SangeetaBhatia of Cerritos have acquired the Milton Apartments complex.They were represented by Sam Shah from Remax Realty.

Multifamily complexes continue to be a favorite among localinvestors, as low vacancies and a continuously growing rental basehas kept the county's apartment market sizzling.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.