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Home Finance Prime Residential Acquires 454-Unit Multifamily Portfolio in Hermosa Beach for $275MM
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Prime Residential Acquires 454-Unit Multifamily Portfolio in Hermosa Beach for $275MM

August 18, 20212 Mins read507
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HERMOSA BEACH, Calif. --- Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of two adjacent multifamily assets located two blocks from the beach in Hermosa Beach, California. The assets are 285-unit Playa Pacifica and 169-unit The Gallery, which sold for $162.5 million and $112.5 million respectively. “The […]

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