The sale of the Sofia apartment complex in west Los Angeles would be notable all on its own: the $272.5 million price tag makes it the second-biggest multifamily deal in the metropolitan area this year. Only the $307 million sale of The Glendon in the Westwood neighborhood in June was bigger. The 606-unit Sofia’s $445,000 a unit price, too, was among the highest of 2019.
Breakup of $1 Billion Rental Portfolio Shows Investors' Change in Appetite
Los Angeles' Sofia Sells for $273 Million in Latest Separate Deal Signaling Small Pieces Demand
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Be DTLA
1120 6th St, Los Angeles, CA
- Companies
- The Carlyle Group
Finance and Insurance