Marcus & Millichap Inc.
09/18/2026 | Press release | Distributed by Public on 09/18/2026 16:20
Marcus & Millichap Brokers $11.2M Sale of 39-Unit Multifamily Property in San Diego, California
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Marcus & Millichap Brokers $11.2M Sale of 39-Unit Multifamily Property in San Diego, California
September 18, 2026
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SAN DIEGO, Calif., Sept. 18, 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 The Molokai Apartments, a 39-unit multifamily property in San Diego, California. The property sold for $11.2 million, or $287,179 per unit.
"The property received a tremendous amount of attention from the investment community due in part to its spacious floor plans, which average more than 800 square feet and are significantly larger than the average units in the area," said Austin Ray Huffman, senior director investments. "Buyers were also drawn to the property's tenant amenities, including a private pool, secure access, storage and off-street parking."
Huffman and Chris Zorbas, of the Zorbas Huffman Group based out of Marcus & Millichap's San Diego office, had the exclusive listing to market the property on behalf of the seller, Vista International, Inc. The buyer, a private investor, was represented by Michael Wolf of Coldwell Banker West.
Built in 1971, The Molokai Apartments is a 32,204-square-foot property situated on 0.99 acres at 5055 73rd St. in San Diego's College East neighborhood. The property consists of 27 one-bedroom, one-bathroom units and 12 two-bedroom, two-bathroom units. The property is located near Interstate 8 and San Diego State University, with access to downtown San Diego, College Plaza, Aztec Shopping Center, Mission Trails Regional Park, Cowles Mountain and Lake Murray. The property also has gated entry, onsite storage, abundant off-street parking, and private pool area.
"The property received a tremendous amount of attention from the investment community due in part to its spacious floor plans, which average more than 800 square feet and are significantly larger than the average units in the area," said Austin Ray Huffman, senior director investments. "Buyers were also drawn to the property's tenant amenities, including a private pool, secure access, storage and off-street parking."
Huffman and Chris Zorbas, of the Zorbas Huffman Group based out of Marcus & Millichap's San Diego office, had the exclusive listing to market the property on behalf of the seller, Vista International, Inc. The buyer, a private investor, was represented by Michael Wolf of Coldwell Banker West.
Built in 1971, The Molokai Apartments is a 32,204-square-foot property situated on 0.99 acres at 5055 73rd St. in San Diego's College East neighborhood. The property consists of 27 one-bedroom, one-bathroom units and 12 two-bedroom, two-bathroom units. The property is located near Interstate 8 and San Diego State University, with access to downtown San Diego, College Plaza, Aztec Shopping Center, Mission Trails Regional Park, Cowles Mountain and Lake Murray. The property also has gated entry, onsite storage, abundant off-street parking, and private pool area.
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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 www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 18, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 18, 2026 at 22:20 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]