Located at 8818 S. Central Ave. just south of Baseline Road, the class C, 19-year-old complex, which is 85% occupied, received five offers, says Mark Forrester, a partner with Hendricks & Partners' local office who represented the seller along with Chuck LaBenz."This is a value-added opportunity," Forrester stresses. "This complex is in the tougher part of the city, but it is an improving area."

Forrester tells GlobeSt.com that buyer Pesrod LLC sees plenty of upside with Due South Apartments. "The complex has a strong Hispanic profile and Pesrod is Hispanic. They feel that they can come in and improve the property by self-managing it and doing some upgrades," he says. Due South Apartments LLC provided first trust deed financing with the buyer anteing up a $1-million down payment, according to Forrester.

The complex has eight 288-sf studios, 108 one-bedroom unit ranging from 432 sf to 560 sf and a dozen 704-sf two-bedroom apartments. Monthly rents range from $350 to $600.