MARCUS & MILLICHAP BROKERS $14.3 MILLION APT. PORTFOLIO SALE IN O.C.

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GARDEN GROVE, CALIF. — Marcus & Millichap has negotiated the $14.3 million sale of the 13-building Grove Park Apartments portfolio in Garden Grove. The multifamily mix consists of 72 one-bedroom/one-bath units, 16 two-bedroom/one-bath apartments and 16 three-bedroom/two-bath units. Marcus & Millichap’s John Nguyen represented both the buyer and the seller in the transaction. Of the 104-unit, 74,000-square foot affordable-housing collection, five of the properties are located on Keel Avenue and eight are on Morningside Avenue.

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