Rio Company Buys San Pedro Multifamily Portfolio for $6M

by Nellie Day

SAN PEDRO, CALIF. — Rio Co. has purchased a 36-unit apartment portfolio in the Los Angeles submarket of San Pedro for $6 million. The acquisition includes two buildings located at 1144 W. 13th St. and 1215 S. Leland St. They were built in 1961. Tim Steuernol and Rob Zaharia of NAI Capital represented Rio Co. The seller was Lamont Revocable Trust.

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