The Lanai Village apartment complex in Sring Valley, California recently sold for approximately $10.8 million.
The buyer was Twelve Management Group, LLC.
The property was built in 1965 is 32,944-square-feet with 48 apartments – 26 one-bedroom, one-bathroom apartments, and 22 two-bedroom, two-bathroom apartments and is located at 8914-8926 Delrose Ave.
Apartment amenities include a courtyard and pool, gated entry, two laundry rooms, and off-street parking.
Representing both the buyer and seller was Aaron Bove, a senior vice president of investments of Marcus & Millichap.
Maurice ‘Moe’ Bedard is the Chief Inspector for U.S. Commercial Building Inspections of Southern California. He is a certified inspector with the Certified Commercial Property Inspectors Association (CCPIA), the International Association of Ce-rtified Home Inspectors, and the International Association of Certified Indoor Air Consultants (IAQ2).
Do you need a commercial property inspection, a virtual inspection, or specialty field services? Call 619-514-4419 today!
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