$14.4 million senior apartments sold near L.A.

Site features amenities galore

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Marcus & Millichap negotiated the sale of the Seasons Senior Apartments at Diamond Bar in Diamond Bar, Calif. The value of the transaction was $14.4 million. The 82,714-square-foot apartment building is located at 23750 Highland Valley Road. The community was constructed in 1989 and consists of 149 units situated on a 9.9-acre lot. The community features a swimming pool, spa, barbecue facility, and an accessory building, which houses a professional management and leasing office, a central mail facility, and a recreational room with a full kitchen, fireplace, billiard room, TV lounge, and restrooms. There are two laundry rooms on the property. Parking facility includes both carports and open spaces with a total of 122 spaces. A California-based investment group purchased the asset from a locally based private investor. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. *** What's your opinion? Send your Letter to the Edito...