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LOS ANGELES-A 78-unit apartment complex in Alhambra has been sold by a limited liability corporation, as the county’s multifamily market shows no signs of slowing.

The buyer, Potloc, has paid $6.8 million for the complex, known as Jade Gardens. The property is located at 109 S. Almansor St.

Potloc was represented by Seth Polen of Marcus & Millichap. The seller, Jade Gardens LLC, was represented by Greg Harris, also of Marcus & Millichap.

Investors continue to favor multifamily, as the county’s increasing population and lack of buildable land has caused occupancy levels to skyrocket. Even a slowdown in the economy has done little to affect the strong demand for multifamily product. In fact, a shaky economy often causes investors to look to apartments as compared to other asset types, say many real estate experts. Investors tend to favor multifamily product during uncertain economic times because they have a more dependable nature.

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