Seattle-based Security Properties this week sold a large, 1980s apartment complex in Los Angeles for approximately $86.3 million.
The property, purchased by San Francisco Bay Area-based Prometheus Real Estate Group, is known as the Serravella Apartments. Constructed in 1987, this mid-rise resort-style community is located at 1710 North Fuller Ave. and features 298 units.
Prometheus plans on executing a substantial renovation of the asset, according to a press statement.
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