Vision Estates represents client in an off-market acquisition of trophy multifamily asset, Villa Bel Air

R.W. Selby & Company sold the 59-unit Villa Bel Air apartments at 130 S. Sepulveda Blvd. in Los Angeles, California, to Mercury TIC for $40.25 million, or about $682,000 per unit.

The 61,295-square-foot multifamily property offers studios, one- and two-bedroom layouts in a four-story building. It was built in 2011 in the Westwood neighborhood, and was fully occupied at the time of sale.

Nicole Miller, CoStar

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