MARCUS & MILLICHAP MANAGES MULTIFAMILY MOVE MERITING MANY MILLIONS

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ANAHEIM, CALIF. — Marcus & Millichap has presided over the $6.31 million trade of La Palma Apartments, a 61-unit apartment property located at 317 East La Palma Ave. in Anaheim. Built in 1970 and 95 percent occupied at time of sale, the multifamily property consists of 19 two-bedroom/one-bath units and 42 one-bedroom/one-bath units. Marcus & Millichap’s Hiu Chan represented both the limited-liability-company buyer and the private-investor seller in the transaction.

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