Marcus & Millichap arranged the sale of the Seasons Senior Apartments at Monrovia in Monrovia, Calif.

The value of the transaction was $22.7 million.

The 125,833-square-foot apartment building, located at 1024 Royal Oaks Drive, was built in 1989 and consists of 241 units situated on a 5.9-acre lot.

The community features a swimming pool, spa and barbecue facilities, along with an accessory building near the center of the property that houses a professional management and leasing office, a central mail facility, and a recreational room with a full kitchen, fireplace, TV lounge and restrooms. There are two laundry rooms on the property. Parking facility includes both carports and open spaces with a total of 175 spaces.

A California-based investment group purchased the asset from a locally based private investor.

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


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
Connect Now is tomorrow! Join top producers as we discuss how to position your business for success in 2021.Reserve Your Spot×