Two of the properties are in the 11800 block of Gilmore Street and the other is at 6300 Lankershim Blvd. The per-unit price of $55,435 is among the highest paid in the area over the past several years. The cap rate was 8%.
The Beverly Hills office of CB Richard Ellis represented both the buyer, locally based Millennium Holdings, and the seller, the LA-based Herman Family
NOT FOR REPRINT
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
