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Zander Lands Large Apartment Deal

159-Unit Reseda Community Sells for $10.8 Million
By Colleen Ellis
March 7, 2002 | 3:49 P.M.

DLGP III Northview LLC has purchased the 159-unit complex known as Northview and Southview at 7841-8111 Reseda Blvd. in Reseda, CA. Total consideration for the transaction was $10.8 million, approximately $68,000 per unit. The two building complex, constructed in 1976 and renovated in 2000, is 109,058 square feet. The property has beautifully landscaped courtyards, a lighted and gated parking lot, intercom-controlled entrance, laundry facilities, pools, spas and BBQ areas. The property was marketed for 90 days and was the buyer's upleg in a 1031 Exchange. Dean Zander and Robin Ossenbeck of the Los Angeles office of Hendricks & Partners represented both the buyer and the seller, MSF Reseda LLC. This is the second deal the team has negotiated for the buyer and the seller.

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