The single-story property was constructed in 1964 and sits on 3.5 acres. The unit mix includes 56 one-bedrooms, one two-bedroom and three studio apartments. Community amenities include a solar-heated swimming pool, table tennis, and extra large, chalet-type patios. At the time of the sale, the property was 97% occupied.
Steve Seligman, the Marcus & Millichap who had the disposition assignment, says the sales price higher than the list price. The sales price translates to $158,333 per unit or $219 per sf.
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