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Marcus & Millichap Facilitates the Sale of a 16-Unit Multifamily Property in Anaheim

May 30, 2024

ANAHEIM, Calif., May 30, 2024 – 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 a 16-unit apartment property located in Anaheim, California. The asset sold for $5,695,000.

“This property represents a unique value-add opportunity through a property renovation as well as the construction of an accessory dwelling unit,” said Tyler Leeson, executive managing director investments in Marcus & Millichap’s Orange County office. “The seller was looking to move capital out of the Orange County market and is trading out of state. This was a 1031-Exchange and off-market transaction. Having sold a smaller property, the buyer was looking to increase their unit count.” Leeson, along with Matthew J. Kipp, first vice president investments and Christian Tait, senior investments associate in the firm’s Orange County office had the exclusive listing to market the property on behalf of the seller, MJS Investment Acquisitions LLC.

Built in 1962, this multifamily asset is located at 311 East Clifton Avenue in Anaheim, California. With 100% occupancy, the unit mix consists of two 1-bedroom/1-bath units, ten 2-bedroom/1-bath units, three 2-bedroom/2-bath units and one 3-bedroom/2-bath unit. Residents are just south of Downtown Anaheim and across Interstate 5 from Disneyland.


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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit

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