Sam Zell’s Equity Residential Unloads 454 Units in LA for $275M – Commercial Observer

Regardless of historic levels of unpaid rent because of the pandemic, and struggles over corresponding eviction bans, condominium funding gross sales this yr have greater than doubled in Southern California in comparison with final yr.

Playa Pacifica was inbuilt 1972 on 4 acres at 415 Herondo Avenue, and it was partially renovated about 5 years in the past. The common condominium dimension is 590 sq. ft, and the property options swimming swimming pools, a health heart, a enterprise heart, a clubhouse, a spa and an outside lounge. 

The Gallery was accomplished on two acres in 1971, and renovated about 17 years in the past. The common unit dimension is 831 sq. ft, and the property includes a swimming pool, a health heart, a spa, and a sauna.

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