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Local Family Sells Glencrest Apartments In Anaheim For $7.6M With Marcus & Millichap Representation
SOLD
$7,600,000
+ 1
California
See Similar DealsMultiFamily
Sold 07/31/2025
SOLD
Local Family Sells Glencrest Apartments In Anaheim For $7.6M With Marcus & Millichap Representation
1776 West Glencrest Avenue
See Similar DealsMultiFamily
Sold 07/31/2025
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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