L.A. apartments sell to Prime Group

Per-unit price just under $175K

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Marcus & Millichap has arranged the sale of Woodley Apartments, an 85-unit multifamily community in North Hills, Calif., for a price of nearly $14.9 million. The sales price represents $174,706 per unit. The Prime Group purchased the asset from an unidentified seller. Located at 10139 Woodley Ave., the 116,680-square-foot, two-story apartment community is situated on a 2.7-acre lot. Woodley Apartments features one- and two-bedroom units. Community amenities include a swimming pool and patio area, two laundry facilities, secure entry and a landscaped courtyard. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com. ...