Ventura Del Sol Ventura Del Sol

A private buyer has acquired Ventura Del Sol, a 255-unit apartment complex located in Ventura in a value-add play for $72.5 million. The property is a low-density configuration.

Located at 6250 Telegraph Road, the property was constructed in 1976 and features large one- and two-bedroom apartments in a low-density setting on an 18-acre site. The property boasts open green spaces and extensive features, including a large pool, tot lot, clubhouse and on-site leasing office. The new owner plans to upgrade the apartments, including adding washer and dryers, as well as improvements to the existing property amenities.

CBRE's Melinda Russell represented the seller, a private development company.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Los Angeles
Multifamily
Capital Markets
West