Marcus & Millichap Inc.
10/06/2026 | Press release | Distributed by Public on 10/06/2026 12:06
Marcus & Millichap Arranges $7.1M Sale of 32-Unit Multifamily Property in Anaheim, California
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Marcus & Millichap Arranges $7.1M Sale of 32-Unit Multifamily Property in Anaheim, California
October 06, 2026
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ANAHEIM, Calif., Oct. 6, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Nine-Eighteen Apartments, a 32-unit multifamily property in Anaheim, California. The property sold for $7.1 million, or $221,875 per unit.
"Nine-Eighteen Apartments presented a compelling opportunity to acquire a well-located multifamily asset with scale and long-term upside in the Anaheim market," said Tyler Leeson, executive managing director investments. "The property's strong fundamentals helped drive a successful all-cash transaction that closed within 30 days at nearly 99 percent of the asking price."
Leeson, Matt Kipp, Nick Kazemi and Drew Holden, investment specialists with Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller. Leeson, Kipp, Kazemi, Holden and Joe Berkson procured the buyer.
"The buyer was particularly drawn to the property's significant operational upside, location adjacent to one of their existing apartment buildings and its physical appeal," said Berkson, senior managing director investments. "The acquisition complements the buyer's existing holdings and provides an opportunity to enhance income over a long-term hold. This was also the buyer's first multifamily acquisition since 1993."
Built in 1975, Nine-Eighteen Apartments is located at 918 W. Romneya Dr. and consists of 32 units totaling 25,007 rentable square feet on 0.87 acres. The property features 15 one-bedroom, one-bath units, 16 one-bedroom, one-bath town house units and one two-bedroom, one-bath townhome unit. Community amenities include gated access, covered parking, on-site laundry facilities, a resident spa and landscaped common areas.
The property is located near the Riverside Freeway, Anaheim Regional Medical Center and Anaheim High School, with access to major Orange County employment and entertainment destinations, including Disneyland, the Anaheim Convention Center, Angel Stadium and Honda Center. The buyer plans to maximize income while holding the property as a long-term investment.
"Nine-Eighteen Apartments presented a compelling opportunity to acquire a well-located multifamily asset with scale and long-term upside in the Anaheim market," said Tyler Leeson, executive managing director investments. "The property's strong fundamentals helped drive a successful all-cash transaction that closed within 30 days at nearly 99 percent of the asking price."
Leeson, Matt Kipp, Nick Kazemi and Drew Holden, investment specialists with Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller. Leeson, Kipp, Kazemi, Holden and Joe Berkson procured the buyer.
"The buyer was particularly drawn to the property's significant operational upside, location adjacent to one of their existing apartment buildings and its physical appeal," said Berkson, senior managing director investments. "The acquisition complements the buyer's existing holdings and provides an opportunity to enhance income over a long-term hold. This was also the buyer's first multifamily acquisition since 1993."
Built in 1975, Nine-Eighteen Apartments is located at 918 W. Romneya Dr. and consists of 32 units totaling 25,007 rentable square feet on 0.87 acres. The property features 15 one-bedroom, one-bath units, 16 one-bedroom, one-bath town house units and one two-bedroom, one-bath townhome unit. Community amenities include gated access, covered parking, on-site laundry facilities, a resident spa and landscaped common areas.
The property is located near the Riverside Freeway, Anaheim Regional Medical Center and Anaheim High School, with access to major Orange County employment and entertainment destinations, including Disneyland, the Anaheim Convention Center, Angel Stadium and Honda Center. The buyer plans to maximize income while holding the property as a long-term investment.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
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