Marquee, a 236-unit, garden-style apartment complex in North Hollywood, has traded for $44 million in an off-market transaction.

Built in 1965 and subject to the city’s rent stabilization ordinance, the property features a swimming pool, a leasing office, a 24-hour fitness center and multiple outdoor courtyards.

“The Marquee sale represents the only 120+ unit rent-controlled apartment sale in the entire city of Los Angeles in the last year,” Adrienne Barr, senior managing director at Berkadia Los Angeles, the company which brokered the deal, said in a statement. “Working together with our mortgage banking partners, we were able to achieve something that no other broker has done in a tough market.”

In addition to the sale, Berkadia also announced that Tim Leonhard and Jeremy Kanter of Berkadia Dallas and New York, respectively, secured $32.9 million in acquisition financing on behalf of the buyer – a joint venture between Beverly Hills-based holding company Post Investment Group and Maryland-based commercial real estate finance and advisory service firm Walker & Dunlop Inc.

While Berkadia did not name the seller, records indicate MG Properties Group purchased the property for $27.5 million from Cirrus Asset Management Group in 2014, according to CoStar Group Inc., which is nearly half of its purchase price today.

The complex is made up of 194 studio apartments, 36 one-bedroom units and six two-bedroom units – coming out to roughly $186,000 per unit. It is located just north of the NoHo Arts District, adjacent to the Valley Park Plaza and in close proximity to job centers including Warner Bros., CBS Studios and the Hollywood Burbank Airport.