Investor dumps senior housing community
California asset dates back to 1980s
By Inman News, Monday, January 9, 2006.Marcus & Millichap arranged the sale of the Seasons Senior Apartments at Lakewood in Lakewood, Calif.
The value of the transaction was $18.6 million.
The 103,170-square-foot apartment building is located at 3200 East South St. The apartment building was constructed in 1989 and consists of 201 units situated on a 4.8-acre lot.
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.
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