A Spring Valley apartment complex has been sold for nearly $10.8 million.
8914 Delrose, LLC sold Lanai Village, 8914-8926 Delrose Ave., to Twelve Management Group, LLC.
Built in 1965 on a 50,081 square-foot lot, the 32,944-square-feet Lanai Village has 48 apartments – 26 one-bedroom, one-bathroom apartments, and 22 two-bedroom, two-bathroom apartments.
Project amenities include a courtyard and pool, gated entry, two laundry rooms, and off-street parking.
Aaron Bove, a senior vice president investments of Marcus & Millichap, represented the seller and buyer.