8/14/2008

NAI Capital sells two multi-family buildings in L.A. for $9 million

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NAI Capital senior vice president David Condon has closed on two multi-family building transactions in Los Angeles with a combined value of $9 million.

Condon, along with NAI Capital's Randy Sheinbein, represented both the buyer, 2050 Bentley, LLC, and the seller, GF Properties, LLC, in the sale of a 15-unit apartment building at 2050 S. Bentley Ave. for $5.55 million.

Condon also represented an undisclosed seller in the sale of a 5,122-square-foot apartment building at 621-623 Midvale Ave. in Los Angeles. The 11-unit building, built in 1948, is three blocks from UCLA and four blocks from Westwood Village. The buyer, Jacaranda LLC, was represented by Rob Elibacher of National Realty.

The building was listed for $3.138 million.


Address: 2050 South Bentley Ave., Los Angeles, Calif., and Address: 621-621 Midvale Ave., Los Angeles, Calif.

Size: A total of 26 units

Size: 11 units

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Filed Under: Multi-Family

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