Avison Young Brokers $23.5M Sale of Seniors Housing Facility in Los Angeles

by Jeff Shaw

LOS ANGELES — Avison Young has arranged the $23.5 million sale of a seniors housing facility located at 6700 Sepulveda Blvd. in the Van Nuys neighborhood of Los Angeles.

Boca Raton, Fla.-based Pinnacle Holdings of Florida sold the asset to an entity of California Healthcare & Rehabilitation Center, which currently operates the property.

Situated on two acres, the 49,818-square-foot facility features 201 beds for seniors.

Peter Sherman and Keith O’Donnell of Avison Young represented the seller in the off-market deal.

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