In the largest of the two sales, Anchor Pacifica Group agreed to pay $3.01 million for a 23-unit apartment complex at 1150 Fairview Ave. in Arcadia. Anchor Pacifica is a privately held multifamily owner and manager headquartered in Pasadena.
The building was sold by Fairview 23, the California limited partnership that built the complex in 1972. A Colliers Seeley International team of Catherine Rubenstein and Richard Starratt represented both parties in the sale.
In the second deal, privately held Amusement Industry paid nearly $1.1 million for a 28-unit apartment complex at 913-921 Daisy Ave., not far from the company's Long Beach headquarters. Amusement Industry has interests in several Southland apartment and retail properties.
The property was sold by a private partnership as part of the downleg of a 1031 tax-deferred exchange. Colliers Seeley's Rubenstein represented both parties in the transaction.
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