Marcus & Millichap Inc.
10/08/2026 | Press release | Distributed by Public on 10/08/2026 15:55
Marcus & Millichap Arranges $7.25M Sale of 19-Unit Townhome Property in Yucaipa, California
Press Releases
Marcus & Millichap Arranges $7.25M Sale of 19-Unit Townhome Property in Yucaipa, California
October 08, 2026
LinkedIn Email App
YUCAIPA, Calif., Oct. 8, 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 Yucaipa Townhomes, a 19-unit multifamily property in Yucaipa, California. The property sold for $7.25 million, or $381,579 per unit.
"Yucaipa Townhomes provided the buyer with the opportunity to acquire a newly constructed multifamily property with large townhome-style units and no immediate capital improvement needs," said Steve "Bogie" Bogoyevac, executive managing director investments. "The property was delivered 100 percent vacant at a record price per unit of $381,579 in the city of Yucaipa, and the seller provided financing to give the buyer time to lease the units and stabilize the property," added Douglas McCauley, senior managing director investments.
McCauley and David Covarrubias investment specialists in Marcus & Millichap's Inland Empire office and Bogoyevac, of the firms South Bay office, had the exclusive listing to market the property on behalf of the seller, a California-based investor. Bogoyevac and David O'Keefe, also of the South Bay office, procured the buyer, DWI, LLC.
Built in 2026, Yucaipa Townhomes is located at 12446 18th St. and consists of 19 two-bedroom, 2.5-bath townhome units totaling 22,401 rentable square feet on 2.44 acres. Each 1,179-square-foot unit features a private backyard with a covered patio, an attached two-car garage and washer and dryer hookups. The all-electric units are individually metered for electricity and feature individual hot water heaters.
Located north of Interstate 10, the gated community features secured access, low-maintenance landscaping and an outdoor picnic area. Unit interiors feature quartz countertops, plank flooring, shaker cabinets, recessed lighting and cathedral ceilings. Each unit also includes central air conditioning and heating.
"Yucaipa Townhomes provided the buyer with the opportunity to acquire a newly constructed multifamily property with large townhome-style units and no immediate capital improvement needs," said Steve "Bogie" Bogoyevac, executive managing director investments. "The property was delivered 100 percent vacant at a record price per unit of $381,579 in the city of Yucaipa, and the seller provided financing to give the buyer time to lease the units and stabilize the property," added Douglas McCauley, senior managing director investments.
McCauley and David Covarrubias investment specialists in Marcus & Millichap's Inland Empire office and Bogoyevac, of the firms South Bay office, had the exclusive listing to market the property on behalf of the seller, a California-based investor. Bogoyevac and David O'Keefe, also of the South Bay office, procured the buyer, DWI, LLC.
Built in 2026, Yucaipa Townhomes is located at 12446 18th St. and consists of 19 two-bedroom, 2.5-bath townhome units totaling 22,401 rentable square feet on 2.44 acres. Each 1,179-square-foot unit features a private backyard with a covered patio, an attached two-car garage and washer and dryer hookups. The all-electric units are individually metered for electricity and feature individual hot water heaters.
Located north of Interstate 10, the gated community features secured access, low-maintenance landscaping and an outdoor picnic area. Unit interiors feature quartz countertops, plank flooring, shaker cabinets, recessed lighting and cathedral ceilings. Each unit also includes central air conditioning and heating.
# # #
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 October 08, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 08, 2026 at 21:55 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]