MARCUS & MILLICHAP MANAGES $9.9 MILLION SALE OF L.A. APARTMENTS

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LOS ANGELES — Marcus & Millichap has presided over the $9.9 million sale of the 148-unit Palm Terrace Apartments, located at 3800 West 27th Street in the prestigious and historic West Adams District of Los Angeles. Constructed in 1957, the multifamily property offers easy access to downtown L.A., Beverly Hills and Century City. Marcus & Millichap’s Matthew Friedman represented both the private-investor buyer and the limited-liability company seller in the transaction; the brokerage firm’s Josh Cohen and Walter De La Torre assisted on the buying side.

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