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Veteran Ave. Multifamily Sells in Los Angeles

Private Trust Buys 39 Units for $10 Million
By Ariadna Vallejo
September 27, 2007 | 6:07 AM

Roberts Business Park-Santa Fe Springs LLC, a shell corporation representing Santa Monica-based Robert H. Blumenfield Living Trust, purchased 550 Veteran Ave. in Los Angeles for $10 million, or approximately $256,410 per unit. Harwit-Klaris Joint Venture GP purchased the property at a 5% cap rate. The property was 100% occupied at the time.

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