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Two-Property Apt. Deal in Burbank Fetches $42M

Private Group Sells Two Multi-Family Buildings Totaling 145 Units
By Phillip Cota
September 19, 2007 | 6:33 P.M.

An investment group called Jefferson At Toluca Lake LP acquired two multifamily buildings in Burbank from Chateau Toluca Apartments 110 LLC and Chateau Toluca Apartments 35 LLC for $42.75 million or $294,828 per unit, with a cap rate of 4.6%.

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