MARCUS & MILLICHAP CLOSES TWO MULTIFAMILY TRANSACTIONS

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SANTA MONICA AND LOS ANGELES, CALIF. — Tony Azzi of Marcus & Millichap’s West Los Angeles office represented both parties in the sale and acquisition of a 10-unit multifamily property located in Santa Monica. Located at 827 Third St., the 8,404-square-foot property, which was built in 1958, sold for $3 million.

Additionally, Richard Ringer of Marcus & Millichap’s West Los Angeles office represented the seller in the disposition of a 17-unit multifamily property located in Los Angeles. Built in 1987, the 23,376-square-foot property sold for $5.93 million. The property is located at 11513-11515 Rochester Ave. The seller and buyer were not disclosed.

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