Senior Housing Complex Sells for $3.8 Million

Shadybrook Apartments, a Section 8 senior housing apartment community, has been sold by Atlanta-based Shadybrook Affordable Housing Corp. for $3.8 million.
The complex, which is located at 4203 S. 109 East Avenue, was built in 1979 and includes 120 rentable units. The apartments sit on a 220,500 SF lot and appraised for $3 million in 2005.
Thousand Oaks-based California Commercial Investment Inc. dba Mas Investments purchased the property. CCI owns and manages 20 such apartment complexes throughout the United States.



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