Marcus & Millichap Arranges the Sale of a 10-Unit Apartment Building in San Diego

SAN DIEGO, June 14, 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 10-unit apartment property located in San Diego, California. The asset sold for $4,200,000.

"Despite various economic challenges, the demand for quality rental housing remains strong. This property is a testament to the market's resilience and potential for growth." shared Aaron Bove, senior managing director investments in Marcus & Millichap’s San Diego Del Mar office. Bove and Casper Rooney, associate in the firm’s San Diego Del Mar office, had the exclusive listing to market the property on behalf of the seller, Idaho 4127 Fund LLC. The buyer, The Fizzard Family Trust, was procured by Bove and Duffy.

The property is located at 4127 Idaho Street in San Diego, California. With a 5,638 square-foot gross building area, this property offers a diverse selection of living spaces, featuring eight 1-bedroom, 1-bathroom units and two spacious 2-bedroom, 1-bathroom units.

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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.