Northmarq’s Westlake Village Multifamily Investment Sales team led by Jim Fisher, Mike Smith, Vince Norris and Tommy Yates has listed a four-property senior living portfolio totaling 705 units. Northmarq is representing the seller. Asking price was not disclosed.

The mixed-income, age-restricted portfolio across Los Angeles and Orange Counties offers an investor an immediate presence in the senior housing market and includes the following properties:

• Coventry Court Luxury Senior Apartments | 240 units, Tustin
• Burbank Senior Artists Colony | 141 units, Burbank
• NoHo Senior Arts Colony | 126 units, North Hollywood
• The Piedmont Luxury Senior Apartments | 44 units, North Hollywood

“This exceptional portfolio offers buyers immediate scale in the Southern California senior housing market,” said Fisher. “Seniors are the fastest growing sector of the population, and these four assets provide best-in-class living with innovative amenities. In a market with a scarcity of available product, these deals provide great long-term investments with significantly below market rate assumable financing.”

Institutional Property Advisors (IPA), a division of Marcus & Millichap, has listed Pacific Trails Apartments, an 84-unit apartment property located in Covina within the San Gabriel Valley. The price is open bid.

“Located close to entertainment and shopping along Arrow Highway and Azusa Avenue, Pacific Trails Apartments has benefitted from numerous recent improvements and remains an excellent candidate for additional value enhancing renovations to optimize operations and increase value,” said Alexander Garcia, Jr., IPA executive director.

Garcia and IPA’s Kyle Pinkalla and Chris Zorbas are representing the seller, a private party.

Built in 1977 and renovated in 2014, Pacific Trails Apartments is a gated, nine-building property that has received unit upgrades and improvements to the swimming pool and spa, barbecue grills, fire pit and courtyard seating. The property is located off Arrow Highway, close to State Route 66 and near Interstates 10, 210, and 605.