LOS ANGELES — Institutional Property Advisors (IPA) has arranged the sale of and acquisition financing for 9733 Topanga Canyon, a 119-unit property in the Chatsworth neighborhood of Los Angeles. The property sold for $44 million, which represents $369,748 per unit. IPA also arranged $27.4 million in agency financing. The asset, developed in 2009, was acquired by Amoroso Cos. to satisfy a 1031 exchange. The seller was an unnamed private multifamily investment firm. Kevin Green, Joseph Grabiec and Gregory Harris arranged the sale on behalf of the seller, while Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged the fixed-rate loan. Amenities at 9733 Topanga Canyon include a central courtyard, a pool and hot tub, a dog run, package receiving lockers and covered bike storage.
Amoroso Cos. has acquired 9733 Topanga Canyon in Los Angeles, located about 2 miles from from Topanga Canyon Boulevard and California State Route 118. IPA arranged the sale.
Amoroso Cos. Buys Topanga Canyon Asset in Los Angeles for $44 Million
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