Marcus & Millichap arranged the sale of the 88-unit Madison Manor Apartments in San Diego, Calif.

The value of the transaction was $14.1 million.

A Southern California-based private investor sold the property to a San Diego-based developer.

Madison Manor Apartments, located at 3535 Madison Ave., comprises 63,400 rentable square feet. The property was originally constructed in 1969 on approximately 2 acres. The unit mix is comprised of 64 one-bedroom and 24 two-bedroom apartments, ranging in size from 640 to 935 square feet. Community amenities include a large recreation room, swimming pool and gated entries.

Occupancy was 97 percent at the time of sale.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top