Berkadia Arranges $22.6M Sale of YOLO East Multifamily Property in Thousand Oaks, California
THOUSAND OAKS, CALIF. — Berkadia has brokered the sale of YOLO East, an apartment community in Thousand Oaks. California-based NUWI Capital sold the property to an undisclosed buyer for $22.6 million, or $502,222 per unit.
Located at 1801 Los Feliz Drive, YOLO East features 45 apartments in a mix of one- and two-bedroom layouts, ranging in size from 748 square feet to 1,219 square feet. Units offer high ceilings, great rooms, gourmet kitchens with quartz countertops, stainless steel appliances, in-unit washers/dryers, and balconies or patios.
Community amenities include a courtyard gathering area, barbecue area with seating, pool and community room. The property was built in 2019.
Adrienne Barr of Berkadia Los Angeles represented the seller in the transaction.