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LOS ANGELES — Marcus & Millichap has presided over the nearly $1.48 million sale of a seven-unit apartment property located at 13951 Milbank Street in the Sherman Oaks area of Los Angeles. Built in 1990, the apartment building consists of two two-bedroom/two-bathroom loft units, three two-bedroom/two-bathroom units, one one-bedroom/one-bathroom loft unit and one one-bedroom/one-bathroom unit. Marcus & Millichap’s Tony Azzi represented the buyer and the seller, both private investors, in the transaction.