OVADA GARDEN TERRACE FETCHES $1.57 MILLION

LOS ANGELES — Los Angeles-based Ovada Garden LLC has acquired Ovada Garden Terrace, a 5-unit apartment property located at 11378-11382 Ovada Place in the Bel Air area of Los Angeles. The property sold for $1.57 million or $135,000 per square foot. Mark McDonald of Hendricks & Partners’ Los Angeles office represented the seller, Encino, Calif.-based Ovada Partners LLC, in the transaction.