Arcadia Multifamily Complex Sells for $9.5M
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.”
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