California family performs 1031, buys Clearwater's Canterbury Oaks

BUYER: Emanuel Zlotolow, as trustee of The Emanuel David Zlotolow Lifetime Heritage Trust No. 1 (8.33% interest), The Ronald Daniel Zlotolow Lifetime Heritage Trust No. 1 (8.33%), The Jordan Gabriel Zlotolow Lifetime Heritage Trust No. 1 (8.33%) and 2025 Rogers LLC (manager: David Zlotolow), Venice, Calif. (75.01%)
SELLER: Silent Oaks LLC
PROPERTY: 2025 Rogers St., Clearwater
PRICE: $3.75 million
PREVIOUS PRICE: $3.5 million, December 2003
TITLE FIRM ON DEED: Majesty Title Services LLC, Tampa

PLANS, DESCRIPTION:
The Zlotolow family of Venice, Calif., purchased the 72-unit Canterbury Oaks Apartments in Clearwater for $3.75 million.

The price equated to $52,083 per square foot. That figure is lower than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.