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• Apartment Complex in L.A.’s Echo Park Neighborhood Sells for Over $25 Mil
1/28/19
Morton Gardens, a 66-unit multifamily property in L.A.’s Echo Park neighborhood, sold for $25.5 mil, or $386.4k/unit. The asset, located at 1811-1825 Morton Ave, north of Sunset Blvd and east of Glendale Blvd, was purchased ...
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• Multiple OC Apartment Properties Trade Hands in Deals Totaling $27.6 Mil
1/24/19
We’ve learned of five multifamily properties in Orange County that traded recently in deals totaling $27.6 mil.
Marlon LTD, a private partnership, purchased two newly constructed assets -- a 28-unit property at 184 N Prospe...
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• Hemet Multifamily Property Goes for $93k/Unit
1/23/19
Villa La Paz Apartments, a 26-unit apartment property located in Hemet, sold for $2.42 mil, or $93k/unit. Villa La Paz Apartments is located at 675 South San Jacinto St, south of Hwy 74.
Built in 1973, the property consists ...
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• Bertram Partners Secures $72 Mil of Freddie Mac Money on Three OC Affordable Apartment Properties
1/22/19
Bertram Partners Inc recently obtained two Freddie Mac loans totaling $72 mil, secured by three affordable housing assets totaling 536 units in Orange County. One of the loans is for $41.26 mil and is secured by Continental G...
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• Long Beach Apartment Building Sells for $220k/Unit
1/18/19
Santa Monica-based Hollywood Properties LP paid $4.4 mil for a 20-unit ($220k/unit) apartment property in Long Beach. The asset is located at 737 W. 5th St, within walking distance to downtown.
Built in 1963, the asset is s...
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• Sridhar Equities Pays $360k/Unit for San Jose Apartment Community
1/18/19
Sridhar Equities has purchased Lakewood Court Apartments, a 48-unit multifamily asset in San Jose, for $17.28 mil ($360k/unit). The property is located in downtown San Jose in close proximity to I-680 and I-880, making it pro...
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• San Mateo Res Project on Track with $48.6 Mil in Construction Money
1/18/19
Stockbridge Capital Group and Wilson Meany have secured $48.64 mil in financing for the development of The Morgan at Bay Meadows, an 82-unit, Class A multi-family project in San Mateo. The floating-rate construction loan was ...
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• Multifamily Property in Port Hueneme Trades for Over $37 Mil
1/17/19
Park Madera Apartments, a 169-unit apartment complex in Port Hueneme, CA, was purchased for $37.35 mil ($221k/unit) by a private investor in an off-market transaction. Located at 2410 Madera Circle, the property was sold by a...
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• Redlands Apartment Sale Comp Comes in at $117k/Unit
1/17/19
A 24-unit apartment property in Redlands sold for $2.8 mil, or $116.7k/unit. The property is located at 312 Cajon St, sout of I-10 off Redlands Blvd.
Built in 1950, the property features 20 one-bedroom/one-bath units and fou...
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• The Robert Green Company Secures $212 Mil for Construction of La Quinta Mixed-Use Development
1/16/19
An affiliate of Mosaic Real Estate Investors has provided The Robert Green Company with $212.25 mil in construction financing for the 145-acre, first phase of the master-planned SilverRock Resort and Residences mixed-use deve...
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• Blue Moon Capital Partners and Áegis Living Acquire 253-Unit Portfolio of Seniors Housing Properties
1/15/19
A joint venture of Blue Moon Capital Partners and Áegis Living affiliates purchased three Class A seniors housing properties totaling 253 units in suburban Seattle and Northern California. The properties were acquired from Ae...
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• Uhon Inc Acquires 177-Unit Res Property in the San Gabriel Valley
1/15/19
The Parker, a 177-unit multifamily property in El Monte, was recently acquired by Uhon Inc. The price was not disclosed.
Located at 4640 Arden Way, the 4.3-acre garden-style property sits 15 miles east of Downtown Los Angel...
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• CGI Strategies Picks Up 78-Unit Multifamily Property in L.A.’s Los Feliz Neighborhood
1/15/19
CGI Strategies has acquired Parkwood Apartments, a 78-unit multifamily community in L.A.’s Los Feliz neighborhood, for $20.15 mil, or $258.3k/unit. The purchase caps an active 2018 in which the firm was involved in the develo...
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• Santa Monica Apartment Property Goes for $423k/Unit
1/14/19
Royal Pacific Apartments, a 21-unit apartment property in Santa Monica, was acquired by a local, private investor for $8.88 mil. The property closed at a price per unit of just over $423k and at a cap rate of 2.3%.
Built i...
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• Apartment Asset in Pasadena Trades for $311k/Unit
1/11/19
A 45-unit apartment property in Pasadena traded hands in a recent $14 mil ($311k/unit) transaction. Located at 165 N Michigan Avenue, the property is walking distance to CalTech and Pasadena City College, and is in proximity...
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• Urban Housing Communities Completes Affordable Housing Project in Santa Rosa
1/11/19
Urban Housing Communities (UHC) has completed work on Crossings on Aston, a 27-unit affordable housing development located at 706 Aston Ave in Santa Rosa. The project offers affordable workforce housing to families in Califor...
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• Glendale Apartment Building Sells for $217k/Unit
1/10/19
A 15-unit multifamily investment property in Glendale sold for $3.26 mil, or $217.3k/unit. The building, located at 511 S. Verdugo Rd, sold at a 5.0% cap rate.
The apartment building is located at 511 S. Verdugo Road. The tw...
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• Waterford Residential Spends $30 Mil on Rare Multifamily Asset in the Dover Shores Area of Newport Beach
1/09/19
Waterford Residential purchased Dover Heights Apartment Homes, consisting of 66 residential units in the Dover Shores area of Newport Beach, for $30.55 mil, or $463k/unit. This purchase, along with a previous acquisition betw...
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• Bay Area Multifamily Property Trades in $91 Mil Deal
1/08/19
Sora Apartments, a 250-unit multifamily asset in Union City, sold for $91.5 mil ($366k/unit). The property was sold by Fairfield Greenhaven LLC.
Built in 1983, Sora is situated on nearly 10 acres at 31770 Alvarado Blvd. The ...
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• California Landmark Group Completes Co-Housing Project in Marina del Rey
1/08/19
California Landmark Group (CLG) has completed construction of C1, the first large multifamily development in Los Angeles to feature co-living housing. C1 includes 51 luxury market-rate studio, one- and two-bedroom apartment ...
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