The apartment project was built by the seller in 1963 and consists of three separate garden style complexes comprising 12 buildings on more than 7.3 acres. The two story, wood-framed above grade structures total 120,342 sf. Amenities include interior garden court yards with three pools; two recreation rooms; three barbeque areas; three laundry rooms; controlled access gates; mature landscaping; and 189 covered, secured parking spaces. Bantry Holdings, formed by James C. Ewing and Dennis V. Alfieri, is an independent owners, adviser and managers of investment real estate. Guggenheim is an open-end diversified real estate portfolio managed by Guggenheim Real Estate LLC of New York.

In a separate multifamily transaction in downtown Los Angeles, Laeroc Partners of Hermosa Beach has paid $7.5 million for a five-story loft apartment building, reports David Muir in the downtown Los Angeles office of GVA Daum. The 61,442-sf building at 900 E. First St. comprises 84 units and was fully occupied at the time of the sale. Muir represented Laeroc Partners, with John Walsh of Marcus & Millichap representing the seller, F & F Partners of Larkspur. Muir says the deal "reflects the continuing groundswell of interest in downtown residential real estate on the part of investors." He notes that the apartment building was converted from industrial use several years ago after serving as a bakery.

In a third deal, in West Hollywood, Alex Pavich of Sperry Van Ness in Irvine reports that Beverly Hills-based Kemper Corp. paid $6.45 millionfor the 16-unit Doheny Courtyard apartment complex at 9231 to 9245 1/2 Doheny Drive. Pavich represented the buyer, with Karoline Sauls of Hendricks & Partners representing the seller, a Los Angeles-based private investor. The complex was built in 1930 and consists of two buildings comprising eight three-bedroom, six two-bedroom and two one-bedroom units with rents ranging from $800 to $3,200. The complex is a Historic Preservation Property.

In a fourth deal, at 1050 S. Westmoreland Ave. in Koreatown, a local investor doing business as Wilshire Investment Group has acquired a 37-unit apartment building for $4.6 million, according to Manfred Schaub of Cushman & Wakefield, who represented the seller, Pacific West Investments. The complex was built in 1987 and features a mix of units ranging from one to three bedrooms, most with balconies and vaulted ceilings.

In a $3.2 million purchase in Los Angeles, DIDM. Development bought a 12,000-sf commercial property consisting of two buildings at 1022 and 1026 South La Cienega Blvd. and plans to convert the property to an assisted living facility. The buildings, which were constructed in 1956, were sold by Los Angeles-based 1022 South La Cienega Partners, which has leased the buildings back on a short-term basis and will vacate the property in a few months. The buyer is currently in escrow on the building next door, which will also be part of the planned assisted living facility. Kathleen Silver of Grubb & Ellis' West Los Angeles office represented the seller, with DIDM representing itself.