Marcus & Millichap Sells Multifamily Property In Anaheim For $27.45M

The Le Chateau Apartments, a 76-unit multifamily property located at 1670 West Broadway in Anaheim, California, was recently sold for $27,450,000. This transaction was facilitated by Drew Holden, Matthew Kipp, Nick Kazemi, and Tyler Leeson from Marcus & Millichap.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,450,000
• Address: 1670 West Broadway
• Market: Anaheim
• Units: 76
• Price per Unit: $361,184

The sale of Le Chateau Apartments was completed in just 23 days and attracted a 1031 exchange buyer due to the area's low vacancy rates and stable rent growth. Tyler Leeson and the team at Marcus & Millichap successfully closed the deal, showcasing their expertise in the real estate market.