(Read more on the multifamily market.)

CANOGA PARK, CA-Pacific Realty Ventures’ condominiumdivision, CondoWest.com, sold out the six-unit first phase of its18-unit Vassar Villas in less than a week and has sold most of theunits in the six-unit second phase. CondoWest.com is developing theproject in three phases of six units each.

Vassar Villas is a former apartment complex near Warner Center.According to Behzad Dabiran of Pinnacle Estate Properties, whobrokered phase one sales with partner Lena Mikhail, the units soldbetween $269,000 and $339,000. The prices are primarily aimed atfirst-time home buyers in the low- to moderate-income range.

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.

Development
Los Angeles
Multifamily
National