Phoenix Res Community Purchased by CA Investor in $16.75 Mil Transaction
La Estrella Vista Apartments, a 96-unit multifamily community in Phoenix, was purchased by a CA-based private investor for $16.75 mil, or $174k per unit. The property was sold by Next Wave Investors LLC, who acquired acquired the asset in May 2019 for $13.175 mil. La Estrella Vista Apartments, which was built in two phases in…