(Read more on the multifamilymarket.)
ANAHEIM, CA-The 768-unit Madison Park apartment complex has hitthe market at an asking price of $170 million. The complex is thelargest multifamily property to be brought to market in SouthernCalifornia since 2004, according to exclusive listing agent GregHarris of Marcus & Millichap.
Built in 1969 and renovated with $14 million of improvements in2006, Madison Park comprises 12 three-story buildings on an18.5-acre site at 2235 W. Broadway. Harris tells GlobeSt.com thatin addition to being the largest asset of its type to be marketedin Southern California since 2004, the property is unusual in anumber of other respects, including its below-market rents and itsamenity package.
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