Private Investment Group Acquires MultiFamily Property In Los Angeles For $5.3M

The apartment property located at 3906-3910 Inglewood Blvd in Los Angeles' Mar Vista neighborhood has been acquired by an Orange County, Calif.-based private client investment partnership for $5.3 million. The community consists of two two-story buildings with a total of 20 apartment units. Amenities include enclosed garages, private balconies or patios, and a landscaped courtyard.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,300,000.00
• Asset Address: 3906 Inglewood BLVD, Los Angeles
• Market: Los Angeles

Sean Riley of CBRE represented the buyer, a private investment group, in the transaction. On the seller's side, an outside broker represented a private family that was dissolving its partnership.