A charitable trust sold the 50-unit Sycamore Apartments at 875 Victor Ave. in Inglewood, CA to Universe Holdings Development Company for $8.8 million, or $176,000 per unit.
The 62,707-square-foot apartment community consists of a mix of one-, two-, and three-bedroom units in a single building. It was constructed in 1972 in the Inglewood multifamily submarket, and was 96 percent occupied at the time of sale.
Brice Head of Re/Max Commercial Investment Realty represented the seller and the buyer in the sale.
Please see CoStar COMPS #3154831 for more information on this transaction.