California

ANAHEIM, CALIF. — MBK Rental Living and development partner Haseko Corp. have sold Zia, a 315-unit community in Anaheim that opened in September 2024, for an undisclosed price. The buyer was an unnamed institutional investor. Zia is a five-story community with studios and one-, two- and three-bedroom residences along with a 24-hour fitness center, pool with grill and bar areas, a dog park and spa, coworking spaces that include conference rooms, courtyards and a game lounge with a race car simulator.

LOS ANGELES — Xenon Investments has acquired a 21-unit property in Los Angeles for approximately $8.7 million from Southview Investment Co. Sam Liberow from Marcus & Millichap’s Encino office represented the seller and procured the buyer. Built in 1988, the 25,186-square foot property is situated on about 1 acre at 1345 S. Beverly Glen Blvd. It consists of one- and two-bedroom units. Southview Investment Co. had held the property for approximately the past 30 years.

FREMONT, CALIF. — Sack Capital Partners, in partnership with LEM Capital, has acquired Koda Apartments, a 122-unit property in Fremont. Koda was built in 1970 and renovated in 2018. The 10 garden-style buildings are situated on approximately 5 acres. Units are a mix of one-, two- and three-bedroom floor plans The seller, which was not identified, has invested roughly $10 million in the property over the past six years, including a full interior renovation across all units, which now feature washers and dryers, updated electrical panels, new kitchen and bathroom …

POMONA, CALIF. — Positive Investments has sold Terramonte at Foothill in Pomona to Sack Capital Partners for $36.7 million. IPA’s Kevin Green, Chris Zorbas, Joseph Grabiec, Alexander Garcia Jr. and Greg Harris arranged the Inland Empire deal. The 138-unit asset was built in 1963 on 9 acres and was renovated between 2012 and 2023. Terramonte at Foothill has two pools, sun decks, a hot tub, fitness center, barbecue pavilion, coworking space and garages. The unit mix includes studios, one-, two- and three-bedrooms with an average unit size of 910 square …