January 16, 2023
YoungLewin Arranges $32MM LA County Apartment Portfolio Sale
YoungLewin Advisors, Inc. has arranged the sale of a 106-unit multifamily portfolio located on the 605 Corridor of Los Angeles County, CA. Lacey Street Commercial LP and Linview Homes LLC purchased the 4 properties in Norwalk, Buena Park and Downey for a combined $31.6 million.
The 106-unit portfolio sold for over $371 per square foot and $298,000 per unit, representing a 3.5% CAP rate. The seller will use the proceeds from the sales to purchase a $47.5 million Net Leased, new-construction FedEx distribution center in Idaho.
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