Family trust dumps West L.A. apartments

Westcord Commercial Real Estate Services brokered the sale of a fully occupied, 60-unit apartment complex in the Westwood area of Los Angeles.

The value of the transaction was approximately $12.8 million.

1260 Veteran Ltd., an affiliate of Realty Center Management Inc. of West Los Angeles, acquired the three-story building over two levels of parking located at 1260 Veteran Ave.

Klein Family Trust of Brentwood, Calif., sold the property.

The buyers plan to re-position the property by introducing a variety of upgrades to individual units, as well as adding a new roof.

Westcord is a commercial real estate company serving the Los Angeles area with offices in Westlake Village and Van Nuys.

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