Private Investor Acquires MultiFamily On Santa Gertrudes Ave In Whittier For $20.1M

The Seville Apartments, located at 11550 Santa Gertrudes Ave in Whittier, California, is a multifamily property that features 77 units with a mix of one- and two-bedroom floor plans. The asset was acquired by a private investor for a price of $20,100,000.00, which reflects a cost of $261,039 per unit. Built in 1971 on a 2.5-acre site, the community includes amenities such as gated carport parking, on-site laundry facilities, a swimming pool, and a courtyard with a pond, barbecues, and picnic area.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $20,100,000.00
• Buyer: Private Investor
• Seller: Private Investor
• Market: Whittier
• Buyer's Representative: Matthew Kipp-Marcus & Millichap
• Seller's Representative: Tyler Leeson and Matt Kipp of Marcus & Millichap

The deal was negotiated by Tyler Leeson and Matt Kipp from the Newport Beach, California office of Marcus & Millichap, representing both the buyer and the seller in the transaction.