LA MIRADA, CA-Somerset Glen Apartments LP has acquired the 161-unit Somerset Glen seniors apartment complex at 13380 Hillsborough Dr. from Coyote Creek Housing Partners LP for $16.1 million in one of three L.A. County multifamily deals totaling more than $27 million that have closed recently. The property, built in 1999 using low income housing tax credits, is “the premier active seniors rental property in La Mirada,” according to Robert Sheppard, senior vice president in the Tax Credit Group of Marcus & Millichap.

“The property has strong historical occupancy and was 100 percent occupied at the time of the sale,” said Sheppard. The Tax Credit Group, which represented the buyer, is led by Sheppard, along with Armand Tiberio, a first vice presidents investments, and Spencer Hurst, a vice president investments. Alexander Garcia, a senior vice president investments in the firm’s Ontario office, also provided representation. Garcia and TCG also represented the seller.

The property’s Hillsborough Drive location in southeastern Los Angeles County is near the Orange County border. It was built under the Section 42 LIHTC program and has extended use restrictions in place until 2028. The complex consists of 128 one-bedroom/one-bath and 33 two-bedroom/one-bath apartments. The gated community features amenities including a clubhouse, on-site laundry facilities, barbecue area, fitness center, library, swimming pool and spa. The units contain well-equipped kitchens, ample storage, walk-in closets and private balcony or patio.

In the two other deals, Albert Shilton of Charles Dunn Co.’s West Los Angeles office negotiated the sale of two apartment complexes located in Studio City and North Hollywood totaling $11.4 million.

One property was the 52-unit Orion at 4176 Arch Dr. in Studio City, which sold for $6.8 million. The other was the 33-unit Vista Villas Apartments at 4215 Vineland Ave., in North Hollywood, which sold for $4.8 million.

Shilton represented the Orion’s new owner, Studio City Mid Rise Apartment LLC. The complex was built in 1963 and is 92% occupied. The seller, the Hurley Family Trust, was represented by C.B. Richard Ellis’ Laurie Lustig-Bower.

City Walk Apartments, LLC, an entity owned by the same buyer, also purchased the Vista Villas Apartments from the Hurley Family Trust. The circa-1962 building is 94% leased. Shilton, who represented both the buyer and the seller of the Vista Villas, notes that both of the properties were under contract at full price within days of being listed. “This was an astute buyer. He knew that this was a rare opportunity to buy two good-sized properties in a prime area and did so quickly,” Shilton said.