SOLD: 65-unit apartment project for $12,200,000 in Los Angeles, Calif.
(03/2014) Calabasas, Calif. – Hirsch Sherman and Jared Levine of KW Commercial have sold a 65-unit apartment project known as Cunningham Village and Jefferson Townhomes in Los Angeles, Calif., for $12,200,000.
In an on-market transaction, Hirsch and Jared, were able to secure a qualified local investor with the foresight to see the value-add opportunity within this Project Based Section 8 property. The properties are located within Los Angeles, just south of the 10 FWY.
In the last year, Hirsch Sherman and Jared Levine have sold more than $32 million of apartment/condo projects throughout Los Angeles and Ventura County, making them one of KW Commercial’s top-producing commercial teams.