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Sunday, Dec 22, 2024

Canoga Park Apartments Sold for $3.7 Million

A 17-unit apartment building in Canoga Park has sold for $3.7 million, according to brokerage Marcus & Millichap Inc. The property at 7240 Jordan Ave. was purchased by Lomarena Property Investments in La Palma. The seller was a limited liability company. The two-story structure was built in 1985 and has 11,790 square feet. Janette Monfared in Marcus & Millichap’s Encino office represented both sides of the transaction.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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