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Apartment Portfolio Sells for $6.45M

LOS ANGELES, CA-Four properties comprising 54 units sell for an average of $119,444 per unit.

By Bob Howard | Updated on June 27, 2002

LOS ANGELES, CA-CLD Holdings LLC, an affiliate of California Landmark Group, acquired a four-building portfolio of apartment complexes from a private investor for $6.45M, or an average of $119,444 per unit for the portfolio.

The properties are in and around the Brentwood area of West Los Angeles, says broker Paul Kenworthy of the Charles Dunn Co., who represented both the buyer and the seller, The sale properties included two buildings of seven units each, another of 22 units, and one of 18 units.

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