L.A. multifamily sale hits $11M

More than 100 units included

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Bayview Apartments, a 108-unit community in Wilmington, Calif., has been purchased by an unidentified buyer for nearly $11.2 million. Located at 606-638 Bayview Ave., the 62,850-square foot apartment community consists of two 54-unit, three-story buildings situated on 1.6 acres, separated by an open parking area with 121 spaces. The property features studio, one-, two- and three-bedroom units with multiple floor plans. The sales price represents $103,241 per unit. ...