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BELLFLOWER, CA-Private investors from Bellflower have acquired the 25-unit Villa Grande Apartments at 9530 Artesia Blvd. from Landmark Equity Partners LLC of Irvine for $2.775 million, according to Sperry Van Ness.

Charlie Kennedy of the Irvine office of Sperry Van Ness, who represented the seller, says the building was constructed in 1978 and was in excellent condition, having undergone a complete refurbishing in 2002.

The Villa Grande Apartments, a one-building complex, are of wood frame and stucco construction and had been owned by the seller for about a year. The 25 units include five one-bedroom, one-bath units; 19 two-bedroom, two-bath apartments, and one three- bedroom, two bath unit. Rents range from $800 to $1,250 at the property, which was 100% occupied at the time of the sale. Kennedy notes that the complex is near the 405, 605, 710, 91 and 5 freeways and within walking distance of shopping and dining. Other amenities include covered parking, a swimming pool, a spa, dishwashers, and air conditioning. Liliana Saremi, of TGR Realty, represented the buyers.

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