12/6/2008

California apartments listed for $20.1 million

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Village Green, a 201-unit apartment community, has been listed for sale for $20.1 million, or $100,000 per unit.

The seller, Jeff Green, is being represented by Marcus & Millichap.

The property is located at 9010 Tobias Ave. in Panorama City, in the northern part of the Los Angeles area. The three-story, 160,858 square foot multi-family property sits on 2.4 acres adjacent to Interstates 5 and 405. It features studio, one-bedroom and two-bedroom apartments, a fitness center and underground parking.

Address: 9010 Tobias Ave., Panorama City, Calif.

Size: 160,858 square feet

Built: 1984

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Filed Under: Multi-Family

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