Marcus & Millichap Facilitates $5.28M Sale of 18-Unit Multifamily Property in Los Angeles

LOS ANGELES, July 23, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 1939 North Kenmore Ave., an 18-unit multifamily property located in Los Angeles. The property sold for $5.28 million.

"Properties with this charm and character that have been owned by the same family for several decades rarely come to market in Los Feliz," said Jeff Louks, executive managing director investments. "The level of interest throughout the competitive sale process reflects continued demand for well-located multifamily assets. Investor activity remains steady, and we continue to close multiple transactions each month."

Louks and Elliot Sabag, investment specialists in Marcus & Millichap's Encino office, represented the buyer, Michael Maltzman of Dream Street Capital. The seller was a private seller.

Built in 1929, the 18-unit apartment property totals 18,317 square feet and is situated on a 0.26-acre parcel in Los Feliz. The Spanish-style building had been owned by the same family for several decades before the sale. The buyer plans to complete a renovation and restoration program while preserving the property's architectural features. The property is located near Griffith Park, Los Feliz Village, shopping, dining and public transportation.

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About Marcus & Millichap, Inc. (NYSE: MMI)

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. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.