Rancho Palos Verdes Apartment Complex Sells for $20.4 Million
The property was 92% occupied at the time of sale.
Peninsula Villas Apartments is surrounded by single-family homes. The property is a unique apartment building because it is comprised of 10 different structures and 34 of the 49 units are townhome style.
Bascom Group's $127-million acquisition of Highridge Apartments in Rancho Palos Verdes is the largest apartment sale of the year in Los Angeles County.
Information for this article was sourced from Real Estate Connection.
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