LOS ANGELES- Malibu real estate investor 10th Street Partners LLC has purchased a rent-controlled apartment building, which has 21 units, from Villa Cordova Associates LLC for $5.78 million.
The building located 1133 10th St. comprises a single three-bedroom unit, 6 two-bedroom units and 14 single-bedroom units. The two-bedroom units and single-bedroom units are rented for an average cost of $1,870 and $1,175 per month, respectively. Colliers International's Kitty Wallace represented the buyer as well as the seller. For the full story, go to Los Angeles Business Journal.
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