Candlewood North Multifamily Community in Northridge Sells for $43.5M

by Nellie Day

NORTHRIDGE, CALIF. — Waterton has acquired the 189-unit Candlewood North apartment community in Northridge for $43.5 million. The community is located at 9830 Reseda Blvd.

The property contains three buildings totaling 166,910 square feet situated on 3.2 acres. Community amenities include an outdoor gazebo, two swimming pools, jacuzzis and a barbecue/picnic area.

Notable employers in the area include Boeing, Rocketdyne, the Walt Disney Co., Anheuser-Busch, Nestlé and Health Net.

Greg Harris, Kevin Green and Joseph Grabiec represented both the buyer and seller, Essex Property Trust, in this transaction.

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