Orange County multifamily complex sold

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Marcus & Millichap negotiated the sale of the 71-unit Kenyon Pointe Apartments in Tustin, Calif. The value of the transaction was $13.4 million. The 71,543-square-foot apartment community is located at 17021-17121 Kenyon Pointe Drive. Built in 1965, the property is situated on 2.8 acres. A California-based private investor sold the property to a private investment group. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. *** What's your opinion? Send your Letter to the Editor to