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Alhambra Complex Sells for $26.3 Million

Summary by labusinessjournal.com
Woodside Terrace, an 85-unit apartment complex in Alhambra, traded for $26.3 million, or $313,000 per unit. Dana Point-based commercial real estate investment company Raintree Partners purchased the property and plans to refurbish the asset to make it more competitive with newer products nearby. The sale represents the second largest asset sold in Alhambra in the last 25 years, in terms of number of units as well as sale price, according to Inst…
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Alhambra Complex Sells for $26.3 Million

Woodside Terrace, an 85-unit apartment complex in Alhambra, traded for $26.3 million, or $313,000 per unit. Dana Point-based commercial real estate investment company Raintree Partners purchased the property and plans to refurbish the asset to make it more competitive with newer products nearby. The sale represents the second largest asset sold in Alhambra in the last 25 years, in terms of number of units as well as sale price, according to Inst…

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labusinessjournal.com broke the news in on Monday, January 27, 2025.
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