SHERMAN OAKS, CA-Parkview Terrace LP has acquired a 74-unitapartment tower at 14355 Huston St. in Sherman Oaks from LatitudeManagement Real Estate Investors Inc. for $9.4 million, whichtranslates into $127,027 for each unit.
The property was first listed in March 2010 for $9.85 million,and was then subsequently decreased to $9.65 million in May 2010.In the transaction, Marcus & Millichap Real Estate InvestmentServices represented both the seller and the buyer. For thefull story, go to Los Angeles Business Journal.
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