Family trust dumps L.A. multifamily space

Price per unit below $164,000
Published on Feb 5, 2008

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by CareyBot

A private investor recently purchased Cambridge Garden, a 76-unit multifamily community in West Covina, Calif., for a price of nearly $12.5 million. The sales price represents $163,816 per unit. Sold by Redfern Family Trust, the 73,826-square-foot apartment community consists of ...