Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 23, 2018
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Private Investors Trade Norwalk Res Property in $20 Mil Deal


Villa Hermosa Apartments, a 95-unit apartment complex in Norwalk, sold for $20 mil or $210.8k/unit. Both the buyer and seller are private investment entities.

Built in 1963, Villa Hermosa Apartments is located at 14717 Pioneer Blvd, close to interstates 5 and 605 and California State Route 91. Long Beach Airport is less than seven miles away.

The unit mix at the property consists of 36 one-bedroom/one-bath units and 59 two bedroom/one-bath apartments. The new ownership plans to initiate a renovation program to upgrade the interior units and exterior common areas to enhance value and increase revenue.

Tyler Leeson and Matthew Kipp with Marcus & Millichap represented the buyer. According to Leeson, this is the largest non-institutional multifamily transaction in Norwalk this year. And, it is also the year’s largest private client sale to have taken place along the 605 corridor in Los Angeles County from Long Beach to Whittier.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media