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Legg Mason Sells View of Redondo for $5.1M

Apartment Realty Advisors Broker Multifamily Sale in Federal Way
By Leonard Darnelle Spencer II
March 21, 2012 | 8:37 P.M.

Legg Mason Real Estate Investors, Inc. sold the View of Redondo apartment complex to a private investment firm for $5.1 million, or about $65,000 per unit. The property is located at 29401 Pacific Highway S. in Federal Way, WA. Originally constructed in 1986, the property is comprised of 78 apartment units that all feature fireplaces, balconies and dishwashers, among other amenities. The property was 96 percent occupied at the time of the sale.

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