1917 Rodney

1917 Rodney

A 54-unit apartment complex in Los Feliz sold for $17.58 million, CBRE Group announced Dec. 27.

CBRE’s Priscilla Nee represented the seller, a private trust. Nee also represented the buyer, an unnamed investor.

The building received more than 15 offers and sold for $1.1 million more than its asking price, according to CBRE.

Los Feliz Palms, at 1917 Rodney Dr., has a mixture of one-bedroom and two-bedroom units. It also has a pool and a fitness center.

“The buyer was ultimately attracted to the prime location and competitive rents,” Nee said in a statement. “The Los Feliz submarket’s high barrier to entry made this a one-of-a-kind, highly sought-after investment and opportunity.”

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

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