Western

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of Atrium Garden, an apartment property in San Jose. The property traded for $18.5 million, or $115,531 per unit. The names of the seller and buyer were not released. Mitchell Zurich, Kirk Trammell and Joshua Johnson of Marcus & Millichap represented the seller and procured the buyer in the deal. Constructed in 2000, the four-story Atrium Garden features 159 studios and a one-bedroom manager’s apartment. Studios are furnished with a bed, bedside table and lamp, lounge chair, built-in desk and chair, TV, microwave, mini-fridge and a stove or hotplate. Community amenities include a leasing office, fitness center, media rooms, resident lounges, community kitchens, laundry facilities and an outdoor barbecue and lounge area.

SACRAMENTO, CALIF. — Newmark has arranged the sale of Rivergate Apartments, a 126-unit property at 900 Simon Terrace in West Sacramento. Will Blucher and Wills Vlasek of Newmark represented the seller, McCarty Sacramento Property LLC, in the disposition to a private buyer, IMG II, LLC. The acquisition price was not released. Rivergate is approximately three miles from Sacramento’s central business district and offers 72 one- and 54 two-bedroom floor plans across 10 two-story buildings on a 3.6-acre parcel. Amenities include a gated pool, standalone leasing office, common area laundry facilities and interior courtyards.

LOS ANGELES — Concord Capital Partners has purchased The View, a 13-story, 168-unit Class A apartment property in Los Angeles’ Koreatown neighborhood, from an undisclosed seller for $52.1 million, or $310,000 per unit. Located at 3460 W. 7th St., The View features 12 studios, 120 one-bedroom/one-bath units and 36 two-bedroom/two-bath units with oversized floor plans, modern interiors and city views. JLL represented the seller and secured acquisition financing for the buyer.

LOS ANGELES — Amorosa Cos. has acquired 9733 Topanga Canyon, a multifamily property located in the Chatsworth neighborhood of Los Angeles, from a private multifamily investment firm for $44 million, or $369,748 per unit. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged $27.4 million in agency financing for the buyer. Constructed in 2009, 9733 Topanga Canyon features 119 apartments with open floor plans, nine-foot ceilings, full-size stackable washers/dryers, breakfast bars and private balconies. Community amenities include a large central courtyard, swimming pool, spa, dog run, package receiving lockers and covered bike storage.