Charlie Kennedy of the Sperry Van Ness Irvine office describesthe property as a one-building complex that is minutes from theLong Beach (Interstate 710) Freeway and the San Diego (Interstate405) Freeway. Kennedy and Zak Show, also of the Sperry Van NessIrvine office, represented the buyer. The seller was represented byFrank D'Avanzo of Sunwest Investments in Laguna Niguel.
Built in 1987, the complex is wood frame and stuccoconstruction. Its 139 units include three single units; 78one-bedroom, one-bathroom units; and 58 two bedroom, two-bathunits. The singles measure 534 sf, the one-bedrooms 650 sf, and thetwo-bedrooms 905 sf. The complex is 95% occupied, with monthlyrents ranging from $730 to $1,100.
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