Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Private investors Sean Baker and Gary Simons of Upside Investments Inc. have acquired the Crenshaw Village portfolio in Baldwin Hills for $60 million, GlobeSt.com learns. The massive portfolio includes 65 buildings spread over 25 acres and 40 separate parcels. With 669 total units, the purchase price brings the per-unit cost to $89,700.

Institutional Property Advisors, the multifamily brokerage division of Marcus & Millichap, represented the seller, an unnamed private investor. The property garnered interest from a large group of private and institutional investors interested in purchasing the portfolio. “There were a double-digit number of offers comprising approximately 50% buyers with institutional equity or pure private-party buyers,” Ron Harris, executive VP of investments tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.