Situated on two acres at 12845 Market St., La Fiesta Apartmentsis a 60-unit, class C complex. The garden-style complex was builtin 1964 and renovated in 2003, according to Robert Su, a seniorinvestment associate in Houston for Marcus & Millichap RealEstate Investment Brokerage Co.

"The buyer really liked the physical condition of the interiors,which had just been redone," says Su, who brokered the sale alongwith Russell Jones, also in the brokerage house's Houston office.Su tells GlobeSt.com that La Fiesta Apartments received four offersduring 60 days on the market. "The buyer is a typical Californiainvestor who liked the value he was able to find in Houston," hesays. He adds that cash flow was important to the buyer.

La Fiesta Apartments boasts 24 one-bedroom units, 32 two-bedroomapartments and four three-bedroom layouts. The average unit is 742sf and average rent is $544 per month.