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Marcus & Millichap Arranges Sale Of 7-Unit Apartment Building

July 14, 2021

SAN CLEMENTE, CA, July 14, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 313 Acebo Lane, a 7-unit apartment property located in San Clemente, CA, according to Damon Wyler, regional manager of the firm’s Long Beach office. The asset sold for $3,850,000.

Kyle R. Blair and Kevin J. King, investment specialists in Marcus & Millichap’s Long Beach office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Kyle R. Blair and Kevin J. King,

The ocean-view property is located at 313 Acebo Lane in San Clemente, CA and recently went through a complete renovation that included a new exterior, new interiors, new windows, new plumbing, new electrical and a new roof.

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

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