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Uptown Apartments Trades for $2.365M

CANOGA PARK, CA-A private investor bought the 38-unit Royal Garden complex on Roscoe Boulevard from SJ Properties, a Los Angeles-based investor in apartment properties.

By Bob Howard | Updated on August 09, 2002

CANOGA PARK, CA-A private investor from Woodland Hills bought the 38-unit Royal Garden apartment complex at 21011 Roscoe Blvd. for $2.365 million from SJ Properties of Los Angeles, which had owned the building since 1996.

The property sold for a gross rent multiplier of 8.25, among the highest GRMs in the Canoga Park market, Dean Zander of Hendricks & Partners tells GlobeSt.com.

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