California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Los Angeles  + Apartments  | 
Shalimar Apartments Arcadia CA

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.”

Connect

Inside The Story

CBREPriscilla Nee

About Mark Nieto

  • ◦Sale/Acquisition
Money360-09-cube
New call-to-action
AshcroftCapital-04-cube
Chase-08-cube