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Investor Buys Glendale Apts for $33.6M

Trust Sells 104-Units in Two Complexes
February 23, 2018
Champion Real Estate Company acquired the 42-unit Princess Louise Apartments at 720 N. Louise St. and the 62-unit Windsor Real Apartments at 1377 E. Windsor Rd. in Glendale, CA for $33.6 million, or about $323,000 per unit, from a revocable trust.

The complexes are within two miles of each other in the Rossmoyne Multifamily submarket of Los Angeles County. Louise was built in 1970, Windsor was delivered in 1972, and the average unit size across the portfolio is roughly 951 square feet.

Arthur Arejian of Vanguard Investments, Inc. in Los Angeles represented both parties in the sale.

Please see CoStar COMPS #4122641 for more information on this transaction.
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