2/11/2009

LA area apartment complex sells for $5.2 million

by
Franklin Management has purchased a 53-unit apartment complex in Valley Glen, Calif., for $5.2 million from 6125 Fulton Apartments.

Marcus & Millichap represented the buyer in the transaction, which equates to $98,113 per unit. Coldwell Banker represented the seller.

The complex at 6125 Fulton Ave. includes approximately 30,516 square feet of rentable space on a 49,750 square foot lot. The subject property includes a fitness center, clubhouse, on-site laundry facility and a swimming pool.

Address: 6125 Fulton Ave., Valley Glen, Calif.

Size:30,516 square feet

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Filed Under: Multi-Family

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