Two of the properties are in the 11800 block of Gilmore Streetand 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 severalyears. The cap rate was 8%.

The Beverly Hills office of CB Richard Ellis represented boththe buyer, locally based Millennium Holdings, and the seller, theLA-based Herman Family

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Los Angeles
Multifamily