Press Releases
Marcus & Millichap Facilitates the Sale of a Four-Unit Apartment Property in Los Gatos, California
October 22, 2024
LOS GATOS, Calif., October 22, 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 18 Ditto Lane, a four-unit apartment property located in Los Gatos, California. The asset sold for $2,750,000.
“This property is located in a prime area with wealthy demographics” shared Yuri Sergunin, senior vice president investments in Marcus & Millichap’s Palo Alto office. Sergunin and J.J. Taughinbaugh, senior vice president investments in the firm’s Palo Alto office procured the buyer, a local investor.
18 Ditto Lane is located in an exceptional area in Los Gatos, California. The property is in direct proximity to all Downtown amenities and has an excellent school district. The building was built in 1965 and has been well maintained.
“This property is located in a prime area with wealthy demographics” shared Yuri Sergunin, senior vice president investments in Marcus & Millichap’s Palo Alto office. Sergunin and J.J. Taughinbaugh, senior vice president investments in the firm’s Palo Alto office procured the buyer, a local investor.
18 Ditto Lane is located in an exceptional area in Los Gatos, California. The property is in direct proximity to all Downtown amenities and has an excellent school district. The building was built in 1965 and has been well maintained.
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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.
