Roka Properties Grows Los Angeles Apartment Portfolio

Los Angeles-based Roka Properties has acquired a 24-unit apartment property in Los Angeles for $20.6 million from a New York-based investor. The seller had renovated 22 of the 24 units.

The property is located at 1425 N Crescent Heights Boulevard. The renovations interior and exterior wall sound-proofing, new doors, windows and sliders, in-unit washer/dryer additions, recessed LED lighting, high-end designer plumbing fixtures, closet built-outs, custom cabinetry and stone slab countertops and backsplash.

CBRE’s Dean Zander and Chris Tresp represented the seller, a New York-based investor, in the transaction. The owner had acquired the building in 2015 and decided to sell the asset post-renovation as part of their business plan.