2/19/2008

Diversified Holdings pays $11M for Suburban L.A. multi-family

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Diversified Holdings, LLC has purchased the Alondra Park apartments in Torrance, Calif., for $11 million from locally-based DMC Investment Group.

Dean Zander and David Casper of Hendricks & Partners represented DMC in the sale.

Alondra Park is located at 3338 Redondo Beach Blvd. in Torrance, about 20 miles south of Los Angeles. It has recently undergone renovations to its interior and exterior. Fifty of the property's 68 units have been completely renovated.

In December 2007, Zander brokered the $11 million sale of the Monarch Terrace Apartments in Glendale. He represented Revere Investments in the sale.

Address: 3338 Redondo Beach Blvd., Torrance, Calif.

Size: 68 units

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Filed Under: Multi-Family

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