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 is the Chief Inspector for U.S. Commercial Building Inspections of Southern California. He is a Certified Commercial Property Inspector (CCPI) with over 25 years of extensive experience in real estate, construction, restoration, remediation, and business development.
He holds numerous inspection certifications with the Commercial Property Inspectors Association (CCPIA), the International Association of Home Inspectors (InterNACHI), and he is also a Certified Mold Inspector (CMI), Certified Mold Remediator (CMR), and a member of the Indoor Air Quality Association (IAQA).
