Marcus & Millichap Sells Apartment Community in Sherman Oaks, CA for $16.5M

SHERMAN OAKS, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of the Regency at Sherman Oaks (top right photo) in Sherman Oaks.

The sales price of $16.5 million represents $239,130 per unit and $183 per square foot.

Greg Harris, executive vice president investments and a senior director of the firm’s National Multi Housing Group in Encino, represented the seller, a pension fund advisor, and the buyer, a private Southern California investor.

“This institutional-quality Class A apartment complex features a variety of floor plans set amidst a wealth of community amenities, including beautiful courtyards, a sparkling pool and a state-of-the-art fitness center,” says Harris.

Located at 4606-4616 Willis Ave. in the affluent Sherman Oaks suburb of Los Angeles, the property is one block north of Ventura Boulevard, the major thoroughfare of the San Fernando Valley, and is minutes from a Whole Foods Market and the Sherman Oaks Galleria.


Regency at Sherman Oaks was built in 2000 on 1.25 acres of land. The 69-unit, 89,269-gross square foot community is comprised of two three-story buildings.


The unit mix features nine one-bedroom/one-bath units and 60 two-bedroom/two-bath apartments.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716