The Reveal Playa Vista apartment complex, located at 5710 South Crescent Park East in Playa Vista, Los Angeles, was sold for $122 million. The asset, a multifamily property, consists of 214 units with an average price per unit of $570,093. The complex offers units with rents varying from around $3,500 for a one-bedroom to $5,000 for a two-bedroom.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $122,000,000
• Units: 214
• Price Per Unit: $570,093
• Address: 5710 South Crescent Park East, Playa Vista, Los Angeles
• Market: Playa Vista, Los Angeles

Stuart Shiff from DivcoWest acted as the buyer in the transaction, acquiring the property from Dave Gilbert of Clarion Partners. Despite the sale price being $122 million, Clarion effectively received about $114.7 million after paying around $7.3 million in transfer taxes. The apartment complex reflects the market's rental trends, with one-bedroom median rents decreasing by approximately 8 percent over the past year to $2,830.