The property is at 11657 Oxnard St. in the San Fernanco Valleyand was built in 1991, according to Jeffrey J. Louks and Matthew R.Ziegler of Marcus & Millichap, who represented both the buyerand the seller. The seller was Oxnard-Hazelhurst ApartmentInvestors of Beverly Hills, Calif.

The La Nouvelle complex is near the Hollywood (170) Freeway andcomprises 123,650 rentable sf on 1.25 acres. It includes 45one-bedroom, one-bath units, 55 two-bedroom, two-bath units, andone three-bedroom, two-bath apartments. The units range in sizefrom 750 to 1,080 sf. Rents range from $800 to $1,225 per month. Atthe time of the sale, the property was approximately 97%occupied.

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