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LOS ANGELES – A 10-unit apartment building in Studio City has sold to a local private investor for $2.4 million. The community is located at 11019 Fruitland Drive in the Los Angeles submarket. It was built in 1985 and recently underwent a renovation. The buyer was represented by Sapphire Investment Company. The seller, US Trust, a Bank of America Trustee, was represented by Kimberly Roberts Stepp of Charles Dunn Company.