Marcus & Millichap Facilitates CA Townhomes Sale

After arranging the $1.3 million sale of Fifth Avenue Courtyard in St. Petersburg, Fla., Marcus & Millichap has facilitated the sale of Granada Pointe Townhomes in Los Angeles’ Granada Hills neighborhood. The community sold for $21.5 million, or $413,462 per unit.  Marcus & Millichap Capital Corp. arranged a 10-year, $10.8 million acquisition loan at 4.3 percent, on behalf of the buyer. Located at 11541 Blucher Ave., the property comprises 52 two-bedroom townhomes ranging from 1,354 to 1,601 square feet, across six buildings. According to Yardi Matrix, the 2011-built Granada Pointe had a 94.2 percent occupancy rate as of March 2018. Interior features include washer/dryers, vaulted ceilings, microwave ovens and private balcony/patios.