L.A. apartments change hands

Marcus & Millichap arranged the sale of the 40,633-square-foot Bel Air Vista Apartments in Los Angeles.

The value of the transaction was $15.4 million.

The Bel Air Vista Apartments, located at 426 South Sepulveda Blvd., consists of three parcels.

A California-based private investor sold the property to an investment group.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide.

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