Real Estate Connection, one of Southern California's largest private apartment owners, was the winner in a competitive market to buy the Peninsula Villas, a 49-unit apartment complex a few miles from the ocean in Rancho Palos Verdes, for just over $20 million, or $408,980 per unit.
SoCal coastal apartments sell for $20 million
Competitive bidding on Rancho Palos Verdes complex brings more than list price
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IN THIS ARTICLE
- Properties
- Peninsula Villas Apartments
5644 Ravenspur Dr, Rancho Palos Verdes, CA
- Companies
- Real Estate Connection
Real Estate
- Contacts
- John Katnik
Senior Vice President, BRC Advisors - BH, Inc.