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Wednesday, Nov 29, 2023

Glendale Apartments Fetch $8 Million

A 32-unit Glendale apartment building has sold for $8.1 million. The Winchester Apartments, 1140 Winchester Ave., was acquired by C & P Properties of Burbank. Warren Berzack, principle of Berzack Investment Property Advisors, a multifamily specialty group at the LA North/Ventura office of Lee & Associates, announced the sale on Tuesday. “The competition generated by the 10 offers we received resulted in a sale price that was very close to the asking price,” said Berzack, who represented the buyer and the seller, a private family. Winchester Apartments was built in 1987 and has no vacancies, according to real estate data firm CoStar Group Inc. The building has subterranean parking and features a mix of one-, two- and three-bedroom units with balconies. Stephen Geiger and George Yessaie, both principles at Lee, also represented both sides of the deal.

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