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SHERMAN OAKS, CALIF. — An undisclosed private Southern California investor has purchased the Regency at Sherman Oaks. Located at 4606-4616 Willis Ave., the 69-unit, 82,269-square-foot property sold for $16.5 million or $183 per square foot. The community comprises two three-story buildings offering nine one-bedroom/one-bath units and 60 two-bedroom/two-bath apartments. Greg Harris of Marcus & Millichap’s Encino, Calif., office represented both parties in the transaction. The seller was not disclosed.