LOS ANGELES-Marcus & Millichap Real Estate InvestmentServices has successfully completed two multi-housing deals. In thefirst deal, it represented both the buyer and the seller in thepurchase of a 44-unit apartment complex at 1562 West 4th Street inthe Westlake Village for $3.375 million, which translates to$76,705 per unit.
In the second deal, it represented the seller in the acquisitionof a 74-unit apartment complex at 14355 Huston St. in Sherman Oaksfor $9.4 million. For the full story, go to San Fernando Valley BusinessJournal.
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