2/7/2008

141 units in California on the block for $17.5M

by

Villa La Paloma

Marcus & Millichap Real Estate Investment Services has the listing for Villa La Paloma, a 141-unit apartment complex in Reseda, Calif., with an asking price of $17.5 million, or $124,113 per unit.

Jeffrey Louks, senior director of the firm's Encino office, is representing the seller, 1439 Curson Partners, in the deal.

The multi-family complex is located at 7722 Reseda Blvd. and is comprised of a two-story and three-story building on 2.5 acres. It contains 92,122 square feet and a unit mix of one and two-bedroom apartments. Built in 1978, the apartments are being sold with a 4.98 percent capitalization rate.

Address: 7722 Reseda Blvd., Reseda, Calif.

Size: 141 units

Built: 1978

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Filed Under: Multi-Family

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