Featured Press

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale and financing of Birch Terrace Apartments, a multifamily property located at 601, 613, & 617 East Birch Street in Brea, California. The 36-unit asset sold for $13,605,000 million. Marcus & Millichap Capital…

Nulook Floor Buys 35 Units on Imperial Highway Nulook Floor bought the 35-unit Stonewood Apartments at 410 W. Imperial Highway in Brea, California, from a local investor for $16 million, or about $457,000 per unit. Renovated in 2007, the two-story, 30,008-square-foot multifamily property features on-site laundry and is located directly across the street from Brea…

Trask Apartments Buys 25 Units for $9.3 Million Trask Apartments purchased the 25-unit Garden Apartments at 7920 Trask Ave. in Westminster, California, for $9.3 million, or $372,000 per unit, from a group of private investors. The single-story, 19,097-square-foot multifamily property was fully occupied at the time of sale. It offers a mix of one-, two-…

Private Investors Pay $18.7 Million for 48-Unit Villa Grande Structure Property Management Group sold the Villa Grande Apartments at 7720 Crescent Ave. in Buena Park, California, for $18.7 million, or about $390,000 per unit, to a pair of private investors. The 39,416-square-foot multifamily complex features upgraded one- and two-bedroom units, controlled access, a swimming pool,…

Local Owner Divests 18 Units on Sumac Lane A private investor purchased the 18-unit Compass Apartments at 1767 W. Sumac Lane in Anaheim, California, for $5.15 million, or about $286,000 per unit, from local owners. Recent improvements to some of the units at the 12,002-square-foot multifamily property include new cabinetry, granite counter tops, remodeled bathrooms…

25 Units Trade for $5.8 Million A private investor acquired the Ten Sixty Apartments at 1060 W. 17th St. in Santa Ana, California, for $5.8 million, or $232,000 per unit, from a local owner. The 25-unit, 14,332-square-foot multifamily building features gated access, open and garage parking, on-site laundry facilities and a central courtyard. Tyler Leeson,…

Sale Ranks As Second-Largest of 2020 in Central Orange County Community The 80-unit Woodside Garden Apartments in Orange County’s Tustin, California, sold for $26 million in a deal between two local investors. Strattford Capital LLC, based in nearby Irvine, California, bought the 50-year-old apartments from Newport Beach-based private real estate investor Yacoel Properties, according to…