The Parker, a 177-unit multifamily property in El Monte, was recently acquired by Uhon Inc. The price was not disclosed.
Located at 4640 Arden Way, the 4.3-acre garden-style property sits 15 miles east of Downtown Los Angeles and provides immediate access to major employment centers in LA, Orange County and the Inland Empire. It is located near the 10 and 605 Freeways, as well as the nearby Metrolink station. The Parker was originally built in 1963 and has undergone renovations to nearly 80 percent of the property.
CBRE’s Dean Zander, Stewart Weston, and John Montakab represented the seller, a Los Angeles-based real estate firm. The buyer, a private capital investment company focused on multifamily acquisitions across the Western United States, represented itself. Financing was arranged by Brian Eisendrath and Cameron Chalfant of CBRE.