Marcus & Millichap arranged the sale of the 194-unit Briarwood Square Apartments in Stanton, Calif.

The value of the transaction was $24.6 million.

Briarwood Square Apartments is located at 7545 Katella Ave. The class B garden-style property was constructed in the 1970s and encompasses 173,088 rentable square feet. The unit mix is comprised of 80 one-bedroom and 114 two-bedroom apartment homes, ranging in size from 686 to 1,088 square feet.

A Napa, Calif.-based private investor sold the property to San Francisco-based Carmel Partners.

At the time of sale, occupancy was in the mid-90 percent range.

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

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription