Beverly Hills, Calif.-based developer StarPoint Properties LLC has purchased a 61-unit apartment building in nearby Pasadena for approximately $9.4 million.
Known as “The Royalton,” the property is located at 2211 East Washington Blvd. It was built in 1965 and has a mix that includes one bachelor unit, 29 one-bedroom/one-bath units, five two-bedroom/one-bath units, 20 two-bedroom/two-bath units and six three-bedroom/two-bath units.
The seller was a private party.
StarPoint Properties plans to complete interior and exterior upgrades and will rename the property “Foothills at Eaton Canyon.”