An 88-unit apartment complex in Sherman Oaks, known as the Cambridge Apartments, has sold for $29.4 million. Per a Bisnow report, Interstate Equities Corp. has purchased the complex from Bailard. Marcus & Millichap Institutional Property Advisors’ Joe Grabiec, Kevin Green and Greg Harris represented both seller and buyer. Built in 1962 and renovated in 2004, the two-story Cambridge Apartments, located at 14340 and 14350 Addison St., is comprised of two contiguous 44-unit buildings on separate and adjoining parcels. According to CoStar Group data, square footage at the complex totals 83,040 square feet.
Two-Building Apartment Complex in Sherman Oaks Sells for $29 Million
