CBRE has announced the $9.5 million sale of the 20-unit Shalimar Apartments in Arcadia CA. The firm’s Priscilla Nee represented the buyer and the seller in the transaction, saying in a news release, “The buyer wrote a non-contingent offer, passed through $1 million upon acceptance, and accommodated all of the seller’s terms.”
Located at 933 Arcadia Ave., Shalimar Apartments is a two-story multifamily complex, featuring two- and three-bedroom units with an average size of 1,350 square feet. Common area amenities include a lush courtyard setting with water feature, a gated pool and gated parking.
“Shalimar Apartments is an exceptionally well-situated family complex in an A+ West San Gabriel Valley location,” added CBRE’s Nee. “The property sold above list price to a private real estate collector, who already owns assets in the immediate area.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.