The first transaction was for a 20-unit apartment complex located at 120 South Swall Dr. The site is located in the Westside area north of Burton Way and adjacent to Beverly Hills. The property was sold by Mr. Halavy. The transaction value was $3.4 million. That figures out to be a per-unit cost of $70,000.
The 120 South Swall Dr. property was 100% percent occupied at the time of sale. It was built in 1964, and is a three-story structure with one level of subterranean parking. The capitalization rate on the deal measured 5.2%.
The other transaction is for a 31-unit complex located at 417 South Barrington Ave. in the Brentwood section of Los Angeles, also the Westside location of the city. The $5.9 million purchase by 11 Federal Ave. West includes a nearly one-acre lot of 34,160 sf that is LAR-3 zoned, meaning it is entitled for medium density apartment or condominium development.
Recommended For You
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© 2025 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.
