This week’s Los Angeles news relating to the real estate industry

Need news in a flash? Here’s what’s happening in your community.

Institutional property advisors, Marcus &MillichapInstitutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 2,674 Southern California-based multifamily rental units valued at over $500 million.

The sale included 13 total properties in 2015:

  • Villa Pacific Townhomes, 136 units, Westminster, Calf.
  • Summer Field Apartments, 268 units, Indio, Calif.
  • Oceana Apartment Homes, 100 units, Oceanside, Calif.
  • Island Village Apartments, 281 units, San Diego, Calif.
  • Promenade Terrace Apartments, 330 units, Corona, Calif.
  • Cypress Village Apartments, 88 units, Buena Park, Calif.
  • Coronado Terrace Apartments, 312 units, San Diego, Calif.
  • Village on the Green, 264 units, Rancho Cucamonga, Calif.
  • The Waterfront, 64 units, Newport Beach, Calif.
  • Vista Terrace Hills Apartments, 262 units, San Ysidro, Calif.
  • Alta San Marcos, 108 units, San Marcos, Calif.
  • Corsica Apartment Homes, 141 units, Pico Rivera, Calif.
  • Acacia Park Resort Apartments, 320 units, Temecula, Calif.

Marcus & Millichap arranged the sale of The Biarritz, a 22-unit investment opportunity on San Vicente Boulevard in BiarritzSanta Monica, Calif. for $13 million. Biarritz is a two-story multifamily building with one-, two- and three-bedroom apartments and shared amenities, including a pool, 22 parking spaces and an on-side laundry facility.

Scandal star Kerry Washington listed her $2.68 million LA home. The home was built in 1926 in French Country style. The star purchased the home in 2014 for $1.865 million.

Got a lead on some news happening in your community? Send information to local@inman.com

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer, reward, repeat. Share a 90-day free trial and get $$$.Refer & Earn×