Marcus & Millichap Sells Villa Samoa Multifamily Property In Anaheim For $12.3M

The asset involved in the transaction is a multifamily property located at 2856 West Lincoln Avenue in Anaheim, California. The property, known as Villa Samoa, features 46 units with a total square footage of 45,253 and sits on 3.18 acres. The sale price for the property was $12,300,000, equating to approximately $267,391 per unit and $272 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,300,000
• Units: 46
• Price Per Unit: $267,391
• Square Feet: 45,253
• Price Per Square Foot: $272
• Market: Anaheim, CA
• ACRES: 3.18

Tyler Leeson and Matthew Kipp of Marcus & Millichap represented the transaction, facilitating the sale to a personal trust. The buyer intends to renovate the property, capitalize on below-market rents, and explore the addition of accessory dwelling units to enhance value.