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March 29, 2024
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One Santa Fe Res Community in L.A.’s Arts District is Sold

3/30/20

An unnamed Canadian institutional investor purchased One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the Arts District of Los Angeles. It was sold by Berkshire Residential Investments. The price was not disclosed.

Berkshire sold One Santa Fe as the final tranche of a 13-property multi-housing portfolio. The sale of the other 12 properties, which totaled 3,904 units across six key U.S. markets, was announced in July of last year.

One Santa Fe is located at the intersection of S. Santa Fe Ave and E. Third St in the heart of one of Los Angeles’ trendiest neighborhoods. Designed by Michael Maltzan Architecture, out of Los Feliz, the property covers four city blocks. Completed in 2015, the mid-rise property encompasses a mix of studio, one- and two-bedroom units as well as an 81k sf retail component known as The Yards at One Santa Fe, which comprises a diverse selection of elegant shops and esteemed dining options surrounding private landscaped walkways.

In addition to the prime location convenient to multiple rail lines, community amenities include a zero-edge swimming pool, custom cabanas, outdoor dining area with grills, entertainment kitchen, resident lounge, billiards, CYBEX® fitness center, private yoga and Pilates studio, outdoor theater, fireside retreat, electric car charging stations and concierge service.

The JLL Capital Markets team representing the seller for the Los Angeles tranche of the portfolio was led by Managing Director Blake Rogers along with Executive Managing Director Matthew Lawton and Senior Managing Director Sean Deasy.

Photos: Allen Wolfsheimer





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