20-Unit Multifamily Property Sells for $3.85 Million in Garden Grove, CA

A private investor acquired the 20-unit Galway Street Apartments in Garden Grove, CA. The $3.85 million sales price equates to more than $190,000 per unit.

"After nearly ten years of owning their apartment building, our client saw an opportunity for long term growth. Motivated by today’s historically low interest rates, they were able to exchange into a larger building with more units," said Marcus & Millichap's Drew Holden.

Drew Holden, along with Tyler Leeson, represented both parties in this transaction.

For more information on the closing please visit the property website.