A developer sold a new fiveunit residential property at 5310 Colodny Drive in Agoura Hills for $2.3 million, reportedly the highest per unit price ever paid for an apartment property in the Conejo Valley.
Because local homeowners in the area have resisted development, the demand for apartments has exceeded supply, said John Battle of Lee & Associates, a commercial real estate broker who helped broker the deal.
“The barriers to entry in this market, along with the quality of this proje...
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