As rental rates rise and vacancy continues to go down, multifamily properties in Los Angeles continue to be a popular asset for investors. In a recent transaction, Abacus Capital Group acquired a 298-unit apartment community in Woodland Hills neighborhood for $112 million or approximately $375,839 per unit, according to a third quarter multifamily market report from Kidder Mathews. The property, also referred to as Eton at Warner Center, was sold by Crow Holdings.
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