CBRE Brokers $48.6M Sale of Apartment Community in West Covina, California

by Amy Works

WEST COVINA, CALIF. — CBRE has arranged the sale of Atrium at West Covina, a 138-unit multifamily property located at 1829-1841 E. Workman Ave. in West Covina. Langdon Park Capital acquired the asset from an affiliate of Abacus Capital Group for $48.6 million.

Dean Zander and Stewart Weston of CBRE represented the seller in the transaction.

Built in 1962 and 1963, Atrium at West Covina features swimming pools, a fitness center and social areas. The community offers mostly two- and three-bedroom layouts that average more than 1,000 square feet. The buyer plans to improve the units while also preserving the property’s workforce housing designation.

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