Canoga Park Complex Sells to Individual Investor

The Park Place Apartments in Canoga Park sold to a Los Angeles individual investor for $15.5 million. Dr. Il Young Kim bought the 61-unit complex at 8700 De Soto Ave. from BCE Park Place Holdings in Tarzana, according to CoStar Group Inc. The two-story complex is a mix of one- and two-bedroom units on just less than 2 acres and was built in 1990. It underwent some renovations in 2011. Ronald Harris, Michael DiSimone and Matt Ziegler of Marcus & Millichap Inc. in Calabasas brokered the deal for the buyer and the seller.