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L5 Investments Sells 97-Unit The Montrose in Burien for $18MM - The Registry
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L5 Investments Sells 97-Unit The Montrose in Burien for $18MM - The Registry
By The Registry Staff A multifamily property in the Seattle metro area has traded hands after hitting the market earlier this year. The Montrose, a 97-unit apartment complex in Burien, was purchased for $18 million, or approximately $185,567 per unit, according to King County public records. The buyer was an entity based in La Jolla, Calif., and the seller was an entity affiliated with L5 Investments. L5 Investments acquired the property in 2018…
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