Escrow on $2.1 Mil Apartment Deal Closes Quickly

LAKE FOREST, CA-The buyer, a private trust, paid cash for a totally occupied, 20-unit apartment complex, allowing the deal to close in just one week.

By Joel Cone | March 23, 2001 at 01:01 AM

Built in 1977, the two-building complex is located at 23442-23452 Packer Pl. The facility was in good condition and 100% occupied at the time of sale. Escrow closed on the deal in one week, according to the selling broker.

Grant Hahn of Morgan Skenderian Investment Real Estate Group in Newport Beach represented the seller, while Don Readinger of Readinger Realty in Dana Point represented the buyer in the transaction.

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