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Luxury Apartment Sells for Record-Breaking Price in LA Suburbs

Standard Communities Spent $130 Million in Highest Price Paid for Commercial Property in South Gate
The 244-unit Jefferson SoLA apartment complex in South Gate, California, was purchased by Standard Communities. (Evan Bracken/CoStar)
The 244-unit Jefferson SoLA apartment complex in South Gate, California, was purchased by Standard Communities. (Evan Bracken/CoStar)
CoStar News
May 25, 2022 | 9:29 P.M.

A recently completed apartment complex in South Gate, California, has sold in the priciest property deal the Los Angeles County city has ever recorded, a sign that California cities once passed over by developers in years past are now generating interest.

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