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by CareyBot

Lee & Associates recently negotiated the sale of Villa Grande, a 78-unit townhome community in Reseda, Calif. The value of the transaction was $18.3 million. The property, which was fully leased at the time of sale, is comprised of five buildings on 2.3 acres located at 18641 Saticoy St. According to Lee & Associates, Villa Grande offers 73 2-bed/1.5-bath units (approximately 1,003 square feet) and five 3-bed/2.5-bath units (approximately 1,100 square feet), as well as gated access entry, washer/dryer connections, air-conditioning, balconies/patios, gas fireplaces and attached two-car garages. Carmel Partners, a national, full-service real estate company, purchased the property from Grande Villas LLC. "This premier multifamily property offers the buyer an opportunity to expand ...