Marcus & Millichap negotiated the sale of Palm Court, a 128-unit multifamily community in Los Angeles.

The value of the transaction was $26.6 million.

The Bascom Group sold the asset to BRE Properties Inc.

Built in 1987, Palm Court is located at 323-333 S. Catalina St. The property offers 122,420 square feet situated on 1.2 acres. The apartment community received interior and exterior renovations in 2003 and consists of one five-story building with one studio unit, 49 one-bedroom and 78 two-bedroom units. Units range from 360 square feet to 1,175 square feet.

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
We've updated our terms of use.Read them here×