Benedict Canyon Equities Acquires Oaktree Apartments Complex In Los Angeles For $35M

The Oaktree Apartments complex, also known as The Retreat, located at 22900 Oak Ridge Drive in Los Angeles, has been sold for $35,000,000. The mixed-use property spans 161,103 square feet and has a price per square foot of $217. The apartment building features one-, two- and three-bedroom units, along with a fitness center and swimming pool.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $35,000,000
• Address: 22900 Oak Ridge Drive, Los Angeles, Santa Clarita
• Size: 161,103 sf
• Price per Square Foot: $217
• Seller: Silkand Engineering Associates
• Buyer: Benedict Canyon Equities - Jim Rosten and Ryan Somers

Benedict Canyon Equities, represented by Jim Rosten and Ryan Somers, successfully acquired the Oaktree Apartments complex in Santa Clarita. They secured the property from Silkand Engineering Associates in a closed transaction. This deal highlights the strong market demand for mixed-use properties in Los Angeles, as well as the strategic investment choices made by Benedict Canyon Equities.