85-unit apartment complex sells in West Covina

The South Hills Apartments, an 85-unit apartment property in West Covina in east Los Angeles County, recently sold for $38 million. The sale price ...

January 22, 2023
8:10 AM

The South Hills Apartments, an 85-unit apartment property in West Covina in east Los Angeles County, recently sold for $38 million. The sale price equates to $450,000 per unit. Built in 1966 on more than five acres, the complex was remodeled in 2019. South Hills is gated and includes a swimming pool and spa, fitness center, and outdoor kitchen with barbecue grills. Apartments have vaulted ceilings, washers and dryers, and a patio or balcony. 'South Hills Apartments is located in one of Greater Los Angeles' tightest multifamily markets, the San Gabriel Valley, which has had one of the region's lowest vacancy rates and most limited construction pipelines,' said Kevin Green, executive managing director at Institutional Property Advisors, in a statement.

Ben Miller