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Home Finance Carmel Partners Pays $141MM for 244-Unit Stella in Marina Del Rey
FinanceIndustry NewsLos AngelesResidential

Carmel Partners Pays $141MM for 244-Unit Stella in Marina Del Rey

October 30, 20253 Mins read2.6k
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San Francisco firm acquires the complex as Southern California market grapples with rising vacancy and tepid rent growth Carmel Partners has made a contrarian bet on one of Southern California's tightest apartment markets, acquiring the Stella complex in Marina Del Rey for $141 million—a rare transaction in an enclave where properties almost never change hands. […]

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