How much is the Bus fare to La Scala Apartments?.The undefined fare to La Scala Apartments costs about $1.75. How much is the undefined fare to La Scala Apartments?.The 179 is the last Bus that goes to La Scala Apartments in Arcadia. What time is the last Bus to La Scala Apartments in Arcadia?.The 187 is the first Bus that goes to La Scala Apartments in Arcadia. What time is the first Bus to La Scala Apartments in Arcadia?.The L LINE (GOLD) is the last Light Rail that goes to La Scala Apartments in Arcadia. What time is the last Light Rail to La Scala Apartments in Arcadia?.The L LINE (GOLD) is the first Light Rail that goes to La Scala Apartments in Arcadia. What time is the first Light Rail to La Scala Apartments in Arcadia?.The Baldwin / Duarte stop is the nearest one to La Scala Apartments in Arcadia. What’s the nearest bus stop to La Scala Apartments in Arcadia?.The nearest bus stop to La Scala Apartments in Arcadia is a 3 min walk away. How far is the bus stop from La Scala Apartments in Arcadia?.These Bus lines stop near La Scala Apartments: 179, 187, 268, BLUE LINE. Which Bus lines stop near La Scala Apartments?.Arcadia is 2960 yards away, 36 min walk. Duarte Rd & Baldwin Ave WB is 700 yards away, 9 min walk.Huntington Dr & Baldwin Ave is 389 yards away, 6 min walk.Huntington / Baldwin is 377 yards away, 6 min walk.Huntington Dr and Baldwin Ave E is 348 yards away, 6 min walk.Baldwin / Duarte is 163 yards away, 3 min walk.The closest stations to La Scala Apartments are: What are the closest stations to La Scala Apartments?.The San Fernando Valley has typically offered investors higher-yields, yet given the improved operations due to the Covid-19 pandemic, the Cap Rates in the Valley have compressed to yields typically achieved in prime submarkets throughout Los Angeles county. As a result, suburban submarkets have outperformed urban submarkets and investors have identified the San Fernando Valley as a key market for future growth given the demand for larger floor plans within low density or residential communities. Over the last 12-Months, residents have moved out of urban centers and into less dense suburban submarkets due to the Covid-19 Pandemic. “The Seller of La Scala Apartments had completed an extensive renovation to the unit interiors, building systems, and common areas over the past five years, offering the buyer an attractive in-place yield with additional upside through continued renovations and property enhancements,” said Schellinger. NorthMarq represented both the buyer, LCL Capital Investments, LLC and the seller, Montgomery Partners. As a result, nearly 60 percent of the units had been revamped, allowing the buyer to continue or further expand upon the improvements already completed by the Seller. The property was constructed in 1983 and the seller had completed an extensive renovation since acquiring the property in 2016. La Scala Apartments (36 units) is located at 7255 Winnetka Avenue, Winnetka, California. While Buena Ventura was well maintained, the unit interiors were in near original condition affording Xenon Investments the opportunity to enhance the unit interiors through a strategic renovation, recapturing 35 percent upside over in-place rents,” said Schellinger. “Buena Ventura was a highly sought-after value-add opportunity given that it was being sold by the original developer and had never been offered for sale since it was constructed in 1992. Schellinger and Goldstein collaborated with Shane Shafer, managing director of NorthMarq’s Newport Beach office, to represent the seller, a private investor, and the buyer, Xenon Investment Corporation. Constructed in 1992, Buena Ventura was comprised of a highly desirable unit mix of one-, one plus loft-, and two-bedroom apartment homes offering nearly one parking space per bedroom in a semi-subterranean garage. The property is located on the border of the NoHo Arts District and Toluca Lake, a coveted residential enclave. Both properties were located in the San Fernando Valley.īuena Ventura Apartments (19 units) is located at 10755 Kling Street in North Hollywood, California. LOS ANGELES, CALIFORNIA (April 21, 2021) – Bryan Schellinger, managing director and Steven Goldstein, associate vice president of NorthMarq’s Los Angeles investment sales team arranged the sale of two separate multifamily properties containing a combined 55 units totaling $16.15 million.
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