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) and brings over 25 years of extensive experience in real estate, construction, restoration, remediation, and business development.
Do you need an inspection? Call 619-473-2133 for a free quote.