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Woodland Hills Apartments Sell for Big Price As LA Neighborhood Draws Investors

Buyers Spend More Than $180 Million on Woodland Hills Multifamily Property
The 379-unit Vela on OX apartments at 21221 Oxnard St. in Woodland Hills, California, sold in January for $183 million amid rising demand for residential property in greater Los Angeles. (CoStar)
The 379-unit Vela on OX apartments at 21221 Oxnard St. in Woodland Hills, California, sold in January for $183 million amid rising demand for residential property in greater Los Angeles. (CoStar)
CoStar News
March 10, 2022 | 9:46 P.M.

A luxury apartment complex in the Los Angeles neighborhood of Woodland Hills was sold for the second-highest price paid for a multifamily property in greater L.A. this year as the pace of investment in suburban residential real estate picks up.

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