The buyer, Diamond Bar-based Milik & Nematalla, has paid $1 million for the property. Known as Anna Apartments, the 16-unit complex stands at 608 N. Anna.
A Sperry Van Ness brokerage team of Robert Sacks and Jennifer Esser represented both the buyer and the sellers, Mr. and Mrs. Dahl of Irvine.
The deal comes as apartment rents are on the rise throughout the county. Rents here have jumped 3% in the first nine months of the year, according to a new report by RealFacts, the Novato-based real estate research firm.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
