STUDIO CITY, CA-A multifamily property in Studio City has changed hands. Colfax Cove Apartments LLC has sold the 41-unit apartment building at 4301 Colfax Avenue to private investor Innodex Group LLC for $7.2 million.
The apartment building, which measures roughly 37,000 square feet, was constructed in 1971. Apart from units, the building also contains a pool and spa. Adrienne Barr and Laurie Lustig-Bower with CBRE Group Inc. negotiated the deal on behalf of both the seller and the buyer. For the full story, go to San Fernando Valley Business Journal .
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