Marcus & Millichap arranged the sale of the 250-unit Tuscany Villas in Covina, Calif.
The value of the transaction was approximately $37.3 million.
Built in 1972, Tuscany Villas is located at 1159 N. Conwell Ave. The property is situated on 7.5 acres and consists of 97 one-bedroom/one-bath units, 126 two-bedroom/two-bath units and 27 three-bedroom/two-bath units. Units range in size from 714 square feet to 1,317 square feet, and the property has a total of 237,873 rentable square feet.
Neither identity of the buyer or seller was disclosed.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!