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Transactions - MAY 13, 2022

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CIM Group sells 136-unit apartment community in Los Angeles

by Released

CIM Group has sold Eastway, a 136-unit apartment community at 8820 S. Sepulveda Blvd. in Los Angeles’ Westchester Village.

Built by CIM in 2019, the contemporary five-story building is set on an approximately 1.4-acre site offering 136 studio, one-, and two-bedroom apartment residences above two levels of underground parking providing 221 spaces. Units feature nine-foot ceilings and expansive windows in an open design with modern fixtures and features. Eastway provides residents with an array of appealing amenities including a pool, spa hot tub, sundeck lounge, outdoor courtyard (with barbeque, picnic areas, and fire pit), rooftop lounge, clubhouse, fitness center, community garden, and dog park.

“With Eastway, we identified a rare property available for development that was ideal for creating much needed housing in a mature Los Angeles community. Eastway provides a new apartment property in a desirable market where the bulk of the multifamily housing was construct

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