California

LOS ANGELES — Marcus & Millichap has arranged the $5.3 million sale of an apartment building located at 1476 S. Shenandoah St. on the west side of Los Angeles. The sales price equates to $334,937 per unit. Sam Liberow of Marcus & Millichap represented the seller, a company operating as 1476 Shenandoah Street LLC, in the transaction and procured the buyer, a local owner-operator. Built in 1966, the 17,653-square-foot, 16-unit property features two- and three-bedroom units across a mix of floor plans.

RIVERSIDE, CALIF. — CBRE has facilitated the sale of Turtle Creek Apartments in Riverside. Turtle Creek Residential LLC sold the asset to SC El Camino LLC for $34.5 million in an off-market transaction. Eric Chen and Blake Torgerson of CBRE handled the deal. Located at 4826 Van Buren Blvd., Turtle Creek features 98 one-, two- and three-bedroom apartments with an average unit size of 916 square feet. Units offer stainless steel appliances, granite countertops, vinyl plank flooring, in-unit washers/dryers and walk-in closets. Community amenities include a swimming pool, spa, fitness center, bark park, tot lot, gated entry and professional on-site management. Completed in 2020, the 89,776-square-foot property is situated on a 179,032-square-foot site.

SOUTH SAN FRANCISCO, CALIF. — Greensboro, N.C.-based Bell Partners has acquired Bell South City West, a 195-unit multifamily community in South San Francisco. According to the San Francisco Business Times, the sales price was $130 million. Sares Regis Group of Northern California and an institutional equity partner sold the property, which was formerly known as Celeste. Berkadia represented the seller in the transaction.