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Universe Holdings sold two apartment properties totaling 32 units in L.A.’s South Bay area for a combined price of $10.1 mil.
One of the properties, Space Odyssey, a 14-unit building in Hawthorne, sold for $4.2 mil, or $300k/unit. The other property, Park Casino Royale II, is an 18-unit property in Inglewood that went for $5.875 mil, or $326k/unit.
Universe acquired both 1980s vintage properties between December 2015 and August 2016. Both were part of Universe’s Inglewood portfolio, which now includes seven properties totaling 172 units.