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Amid Housing Crunch, Southern California Apartments Slated for Affordable Conversion Sell for High Price

BLVD Group Partners With State Agency To Spend More Than $630,000 a Unit on Glendale, California, Complex
The 57-year-old Towne at Glendale apartment complex sold for nearly $80 million to buyers that aim to convert the property into middle-income housing.
The 57-year-old Towne at Glendale apartment complex sold for nearly $80 million to buyers that aim to convert the property into middle-income housing.
CoStar News
March 29, 2022 | 10:49 P.M.

An apartment complex in Glendale, California, has been sold to investors planning to morph the 57-year-old property into middle-income housing amid a dire affordable housing crisis in greater Los Angeles.

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