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IEC Acquires The Bungalows at Mathilda Avenue

Los Altos Company Pays $16.1 Million for Sunnyvale Apt. Community
By Eric Kies
September 25, 2014 | 7:47 P.M.

Interstate Equities Corp. (IEC), a Los Altos, CA-based investor in multifamily communities throughout California, purchased the 68-unit apartment building at 126 W. Ahwanee Ave. in Sunnyvale, CA for $16.1 million, or approximately $237,000 per unit. IEC purchased the asset on behalf of IEC Fund X and IEC Fund XI.

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