Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Knott-Orange Apartments, a 35-unit multifamily property in Anaheim, California. The property sold for $9.65 million, or $275,714 per unit.
“This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange strategy,” said Nick Kazemi, managing director investments. “The property sold for more than 99 percent of the asking price, with an extended escrow period to accommodate the seller’s exchange. The buyer plans to renovate unit interiors and make property improvements to increase rental income, reflecting continued demand for well-located multifamily assets with operational upside in Orange County.”
Kazemi, Tyler Leeson and Matt Kipp, of Marcus & Millichap’s Orange County office, and Drew Holden, of the firm’s Las Vegas office, had the exclusive listing to market the property on behalf of the seller, a family that had owned and operated the property for
more than 30 years, and procured the buyer, a Southern California-based property management company.
Built in 1977, the 32,325-square-foot property is situated on 1.25 acres at 515 S. Knott Ave. The community consists of six one-bedroom, one-bath units and 29 two-bedroom, one-bath units. Property amenities include a swimming pool, spa and on-site laundry facilities. Located in Anaheim, the property provides access to employment, shopping and entertainment destinations throughout Orange County.
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. Marcus & Millichap closed 8,818 transactions with
a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end.
