2/25/2009

California apartments sell for $800K

by

5704 Fountain Ave.

Marcus & Millichap Real Estate Investment Services has brokered the sale of an eight-unit apartment property in Los Angeles, Calif., to a private investor for $800,000.

Joshua Keimach and Robert Narchi, investment specialists in Marcus & Millichap's West Los Angeles office, represented both the buyer and seller.

Located at 5704 Fountain Ave., the eight-unit property was constructed in 1922 and sold for $185.30 per square foot.

Address: 5704 Fountain Ave., Los Angeles, Calif.

Size: 4,320 square feet

Built: 1922

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Filed Under: Multi-Family

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