Marcus & Millichap brokers USD 16.9 million sale of 41-unit Costa Mesa apartment property

Marcus & Millichap, Inc.

MMI

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Marcus & Millichap arranged the sale of a 41-unit multifamily property at 1990 Maple Ave. in Costa Mesa, California for USD 16.9 million.
Deal valued the asset at USD 412,195 per unit; the buyer plans a value-add repositioning through continued unit renovations.
Sundance West Apartment Homes was built in 1962; it totals 37,205 rentable square feet on a two-acre site.

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