LOS ANGELES — A private investor has purchased the 21-unit Verona Villas condominium complex in the Los Angeles submarket of Toluca Lake for $14.7 million. The community is located at 10640 Woodbridge St. It was built in 2008. Matt Ziegler of Marcus & Millichap represented the buyer. The same firm’s Jeff Louks and Daniel Hirth represented the seller, the property’s developer.
A 21-unit condominium complex in Toluca Lake has sold for $14.7 million in a deal handled by real estate investment services firm Marcus & Millichap Inc. Jeff Louks and Daniel Hirth, from the Encino office of the Calabasas company, represented the seller of Verona Villas, the property’s developer. Matt Ziegler, also from Marcus’s Encino office, represented the private investor purchasing the complex. Louks said the investment was poised for solid growth as Toluca Lake is a we
The developer of Verona VIllas sold the 21 individually parceled condominiums to MLT Properties for $14.73 million, or more than $701,000 per unit.
The 36,357-square-foot multifamily building sits at 10640 Woodbridge St. in Toluca Lake, CA. It consists of two- and three-bedroom, condo-quality units that could be sold off separately or continue to be rented out.
The property is equipped with a fitness center and gated underground parking. The units have air conditioning,