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Marcus & Millichap Brokers $42.4M Sale of Multifamily Portfolio in Greater Los Angeles

215-E-15th-St-Santa-Ana-CA

Located at 215 E. 15th St. in Santa Ana, Calif., The Carlton Apartments features 74 apartment units.

SANTA ANA, CALIF. — Marcus & Millichap has arranged the sale of a four-property multifamily portfolio located in Santa Ana. An affiliate of Empire USA LLC acquired the portfolio from an undisclosed seller for $42.4 million, or $198,000 per unit.

The 214-unit portfolio includes a 58-unit property at 510 N. Mortimer St.; a 46-unit property at 510 E. Chestnut Ave.; The Carlton Apartments, a 74-unit community at 215 E. 15th St.; and 36 units at 1717-1721 N. Spurgeon St.

Mark Bridge of Marcus & Millichap represented the buyer, while Stephen Soqui, also of Marcus & Millichap, represented the seller in the deal. Shane Ryan McConnell of Marcus & Millichap also provided representation in the sale of 1717-1721 N. Spurgeon St.

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