(Read more on the multifamily market.)
LOS ANGELES-Investors have acquired a 300-unit apartment complexin Upland for $40.9 million and an 18-unit property in West LosAngeles for $5.6 million, according to brokers from Hendricks &Partners and Sperry Van Ness who negotiated the deals. The Uplandproperty is the Woodlane/Timberlane at 1472-1580 W. Eighth St. andthe West Los Angeles complex is at 1636 S. Barrington Ave.
In the Upland deal, the Sares-Regis Group of Irvine bought theproperty from a private investor. The Woodlane/Timberlane complexwas built in two phases in 1973 and 1976 and is composed of 21two-story buildings that total 253,450 sf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
