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REO Apartment Buildings Fetch $20M in Auction

LOS ANGELES-GlobeSt.com learns exclusively that Amargosa Creek and Yukon Apartments sell through Auction.com within three months.

By Carrie Rossenfeld | Updated on October 15, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

LOS ANGELES-GlobeSt.com has learned exclusively that Miami-based Special Servicer LNR Partners has sold two REO multifamily properties in Los Angeles County through the auction process at Auction.com. Amargosa Creek, a 216-unit property at 43332 Gadsden Ave. in Lancaster sold for $14,385,000, and Yukon Apartments, a 58-unit property at 13519 Yukon Ave. in Hawthorne, sold for $5,860,000 plus a buyer’s premium of $293,100.

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