The 12-unit apartment complex located at 5411 Pioneer Blvd. in Whittier has sold to Richard Ross in a 1031 Exchange. Built in 1985, the 14,855-square-foot complex consists of 12 three bedroom/1 1/2 bath townhouses. The property is situated on half an acre and features a laundry room, fireplaces and central A/C. Escrow closed for $1.29 million, or approximately $87 per square foot at an 8.44% cap rate. Jon Mitchell and Mike Marcu with Marcus & Millichap represented both the buyer and the sellers, Harish & Suhas Parikh.