8/28/2008

California multi-family brings $2.7M

by Eric Ramsden
A 12-unit apartment complex in the Pasadena, Calif., suburb of Arcadia has been sold for $2.7 million. The deal was handled by Marcus & Millichap.

Justin C. White and Priscilla Nee of the firm's West Los Angeles office represented both the buyer and the seller in the deal. The property is located at 18-22 Bonita St. and was built in 1953. It was sold for $314.47 per square foot, or $225,000 per unit.

Address: 18-22 Bonita St., Arcadia, Calif.

Size: 12 units

Built: 1953

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Filed Under: Multi-Family

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