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Local Development Firm Sells Courtyard at Ventura Canyon Apartments

Trust Pays $22.3 Million for Panorama City Multifamily
The apartments were built in 2014 on nine-tenths of an acre in Panorama City, California. (CoStar)
The apartments were built in 2014 on nine-tenths of an acre in Panorama City, California. (CoStar)
By James Young
May 11, 2022 | 7:17 P.M.

Calabasas, California-based Montage Development sold the Courtyard at Ventura Canyon apartments at 7851 Ventura Canyon Ave. in Panorama City, northwest of downtown Los Angeles, for $22.3 million, or about $437,000 per unit, to a living trust.

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