Marcus & Millichap Facilitates $25.25 Million Sale of Multifamily Portfolio in Los Angeles

Reuters

Sep 11

Marcus & Millichap Facilitates $25.25 Million Sale of Multifamily Portfolio in Los Angeles

Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully facilitated the sale of a seven-property, 275-unit multifamily portfolio in Los Angeles for $25.25 million. The transaction, announced on September 9, 2025, involved properties concentrated in the Koreatown and Westlake neighborhoods. Managed by a private ownership group for 25 years, the portfolio faced challenges such as tenant delinquencies and deferred maintenance. Neema Ahadian and Jeffrey Estrada of The Neema Group at Marcus & Millichap represented the seller, employing a strategic approach to overcome these issues and ensure a smooth closing. This marks The Neema Group's 11th portfolio sale in the Los Angeles area.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on September 10, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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