The four-property portfolio that was sold include: 12 units at 48 Millington Ave., 16 units at 51 Summit Ave., 20 units and a developable lot at 291 Wainwright St. and 21 units at 535 Hawthorne Ave.

The investor buys the 181,730-square-foot industrial warehouse in Los Angeles for $38.5 million.

The combination of low-cost housing and a job market has finally made the Inland Empire an attractive SoCal market.

A private investor sold the 155-unit garden-style community for $21 million or $219 per square foot.