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Monday, Nov 4, 2024

Multi-family Complex Sells for $32.6 Million

A 145-unit multi-family complex in Toluca Lake was sold to Interstate Equities Corp. for $32.6 million. The complex, called Chateau Toluca at 211 N. Valley St., is located adjacent to Burbank’s media district. It includes studio, one-bedroom, two-bedroom and townhome units. The seller, CT Realty Corp., invested $1.6 million to renovate the property when it was acquired in 2002. Melinda Russell and Dean Zander, brokers at Hendricks & Partners, represented the seller.

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