Northridge Apartments Sold for $31 Million

The Village at Granada Hills, a 152-unit apartment complex, has sold for nearly $31.2 million to a Beverly Hills investment firm. The Northridge complex comprises 11 two-story buildings on nearly 5 acres. The selling price represents $224,671 a unit, which include two- and three-bedroom floorplans and range from 875 to 1,150 square feet. FSC Realty of Beverly Hills purchased the complex from Starpoint Properties, also in Beverly Hills. Bob Safai and Darin Beebower at brokerage Madison Partners handled the transaction. The Village at Granada Hills was built in the 1970s and renovated in 2008. Tenants include families, young professionals and students at nearby California State University Northridge. Amenities include a swimming pool, wading pool, fitness center, recreation room and picnic area.