Los Gatos, Calif., – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 3-unit apartment property located in Los Gatos, Calif., according to Steven J. Seligman, regional manager of the firm’s Palo Alto office. The asset sold for $1,200,000.
Carlos Azucena, an investment specialist in Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Carlos Azucena.
The property is located at 932 Weldwood Court in Los Gatos. Constructed in 1978, the property consists of one 3-bedroom 2.5-bath unit, one 2-bed 2.5-bath and one 2-bed 2-bath for a total of 4,093 sf. All units included a fireplace, in-unit laundry, central heating and a patio or balcony.
About Marcus & Millichap
With more than 1,100 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.