Updated Aug 5, 2025
Local Family Sells Glencrest Apartments In Anaheim For $7.6M With Marcus & Millichap Representation
1776 West Glencrest Avenue
$7,600,000
Units
31
Asset Type
MultiFamily
Closing
Jul 31, 2025
About this deal
AI
The multifamily asset involved in the transaction is the Glencrest Apartments located at 1776 West Glencrest Avenue in Anaheim. The property consists of 31 units, with a sale price of $7,600,000, resulting in a price per unit of $245,161.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,600,000
- Units: 31
- Price Per Unit: $245,161
- Market: Anaheim
- Seller's Representation: Drew Holden, Nick Kazemi, Tyler Leeson - Marcus & Millichap
- Buyer's Representation: Christian Tait
The transaction was facilitated by a local family selling the property to a limited liability company, highlighting the involvement of Marcus & Millichap's brokers in representing the seller and the buyer in this deal.
Players
Anaheim MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Nick Kazemi to view all their deals.
Browse Anaheim multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93