Local Family Sells Glencrest Apartments In Anaheim For $7.6M With Marcus & Millichap Representation

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.