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Commercial to Residential Conversion

LA Office Building Sold for $20.64 Million to Be Converted into Affordable Housing

LA Office Building Sold for $20.64 Million to Be Converted into Affordable Housing

A significant sale in Encino, California, sees an office building purchased for $20.64 million to be transformed into 117 affordable studio and one-bedroom apartments, addressing the critical need for affordable housing in the region.

July 31, 2025
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