Marcus & Millichap arranged the sale of the 342-unit Hilltop Apartments in Richmond, Calif.
The value of the transaction was $32.5 million.
Hilltop Apartments, constructed in 1975, is situated on 15.6 acres at 2300 Lancaster Drive. The property’s unit mix includes 242 one-bedroom and 100 two-bedroom apartments, ranging in size from 667 to 834 square feet.
Redwood City, Calif.-based Prometheus Real Estate Group sold the property to a San Diego-based investment advisor.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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