Parc@5 Downey LLC Acquires Apartment Complex In Los Angeles For $37.5M

An apartment complex located at 9140 Brookshire Avenue in Los Angeles has been sold in a closed transaction in Downey. The property, comprising 104 units, was sold for a total price of $37,500,000, with a loan amount of $25,100,000. The per unit price of the complex is $360,600.

Summary of transaction details

• Property Type: Apartment Complex
• Transaction Amount: $37,500,000
• Address: 9140 Brookshire Avenue, Los Angeles
• Market: Downey
• Loan Amount: $25,100,000
• Units: 104
• Price Per Unit: $360,600

The seller of the property was Benedict Canyon Equities, represented by Ryan Somers and LEM Capital. The buyer, on the other hand, was Parc@5 Downey LLC. Fannie Mae, with Timothy J. Mayopoulos as a representative, provided the loan for this transaction. Marianne Moy served as the finance broker in this deal.