The University of California has aquired a Los Angeles luxury apartment complex, which will provide housing for students, for $39 million.
The Class A property spans a total of 83,931 square feet, with 62 units. Per SF, the cost comes out to $465, or $629,032 for each unit.
Located in Cheviot Hills at 3301 South Canfield Avenue, all of the apartment rentals come with stainless steel appliances, nine-foot ceilings, keyless locks, washers and dryers, quartz countertops, private balconies, rain shower heads, window coverings, and light fixtures. Plus, tenants get various amenities including an indoor and outdoor fitness center, two rooftop sundecks, a coworking lounge, and Amazon lockers.
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