By: Paul Bubny for connectcre
Northmarq completed the $40-million sale of Sunset Square, a 140-unit multifamily property located at 745 N. Sunset Ave. in West Covina. The four-building property was built in 1964 and renovated in 2015. Shane Shafer, managing director of Northmarq’s Irvine Multifamily Investment Sales team, represented the seller.
“This sale shows the strength of the greater Los Angeles market that continues to be in demand for investors,” said Shafer. “West Covina is a great example of how the suburban Los Angeles markets are producing great opportunity for multifamily investors looking for steady returns in the Los Angeles County market.”
