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Standard Communities Acquires Multifamily Property In Los Angeles From Jefferson Southgate For $130M

10930 Garfield Avenue
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This MultiFamily property located in CA was sold for $130,000,000 almost 2 years ago. The brokers of the deal were Stewart (Stew) Weston and Dean Zander

The multifamily property located at 10930 Garfield Ave in Los Angeles has been sold. The transaction took place on May 20, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $130,000,000
  • Units: 244
  • Price Per Unit: $532,786
  • Square Feet: 2,500,000
  • Price Per Square Foot: $52

The buyer of the property is Standard Communities, while the seller is Jefferson Southgate. The deal was facilitated by brokers Dean Zander and Stew Weston from CBRE.

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Deals
  • Location
    10930 Garfield Ave, South Gate, California 90280, United States10930 Garfield Ave, South Gate, California 90280, United States
  • Sale Price
    $130,000,000$130,000,000
    $520 PPSF$520 PPSF
  • Area
    250,000 SF250,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Stewart (Stew) Weston

Stewart (Stew) Weston

Deals22
Sold$1.8B

Dean Zander

Dean Zander

Deals25
Sold$1.9B

Agency

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE IMAGE: Dean Zander & Stew Weston DATE: 05/20/2022 ADDRESS: 10930 Garfield Ave. MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Standard Communities SELLER: Jefferson Southgate BROKERS: Dean Zander (@Deanzzz) & Stew Weston (@StewWeston) - CBRE (@CBRE) SALE PRICE: $130,000,000 UNITS: 244 ~ PPU: $532,786 SF: 2,500,000 ~ PPSF: $52

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10930 Garfield Avenue

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