Stonepine Apartments has traded hands in Thousand Oaks. A private family trust sold the 108-unit garden-style multifamily property has sold for $33.4 million.
Stonepine Apartments was built in 1979. It is comprised of seven two- and three-story buildings on five acres of landscaped grounds, and features one-, two- and three-bedroom floor plans that average 832 square feet. Residents are conveniently adjacent to the Colina Middle School and located walking distance from the retail stores and restaurants along Thousand Oaks Boulevard.
Managing director Vince Norris and associate director Eric Norris of Berkadia's Los Angeles office completed the sale on behalf of the buyer, California-based FPA Multifamily, LLC.
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Kelsi Maree Borland
