COLLIERS INTL. BROKERS NEARLY $5.8 MILLION APT. SALE IN L.A. COUNTY

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SANTA MONICA, CALIF. — Colliers International has handled the almost $5.8 million sale of the 21-unit Villa Cordova located at 1133 10th St. in Santa Monica. Built in 1970, the two-story, rent-controlled apartment building situated north of Wilshire Boulevard includes subterranean parking, landscaped courtyards and walkways, and a laundry facility. Colliers’ Kitty Wallace represented both the private-investor buyer and seller, 10th Street Partners LLC and Villa Cordova Associates LLC, respectively. The buyer plans to renovate the property and raise rents to market level, starting with the building’s nine vacant units.

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