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December 10, 2017
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LOS ANGELES COUNTY NEWS
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San Fernando Valley Apartment Portfolio Sold for $51 Mil

12/06/17

A five-property, 243-unit apartment portfolio in the San Fernando Valley sold in two separate transactions for a combined $51 mil ($210k/unit). The seller was the original developer of all five assets as well as the property manager for 30 years.

Lino Real Estate picked up the bulk of the assets including: 4355 Sepulveda Blvd, a 105-unit apartment community in Sherman Oaks; 7317 Haskell Ave, a 48-unit apartment community in Lake Balboa; and 6535 Haskell Ave, a 54-unit apartment community in Lake Balboa. In the other deal, Xenon Investments acquired 6651 Haskell Ave, an 18-unit apartment community in Lake Balboa, and 6643 Haskell Ave, an 18-unit apartment community also in Lake Balboa.

Michael Koshet with KW Commercial represented the seller and both buyers and seller in the transactions.




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