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Home Finance 56-Unit Anaheim Apartment Complex Sells for $15.6MM
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56-UNIT ANAHEIM APARTMENT COMPLEX SELLS FOR $15.6MM

August 19, 2021
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Newport Beach, Calif. –– CBRE announced the sale of a 56-unit apartment property
in Anaheim, Calif. for $15.6 million to a private investor.  

CBRE’s Dan Blackwell represented the buyer. 

“The Orange County market is very competitive right now, and we are working with
many  property investors on both on- and off-market opportunities to help
execute multifamily trades,”  said Blackwell. 

Located at 1251 N. Placentia Avenue, the two-story property built in 1973 sits
on 2.35 acres  and features one- and two-bedroom floorplans as well as a
swimming pool and laundry  facility. 

“Our team was able to source a qualified buyer who closed at a sale price
representing  $279,000 per unit or $395 per square foot,” said Blackwell. “The
buyer took advantage of the  attractive lending terms in the market and obtained
2.5 percent fixed financing for seven years  with a 35 percent down payment.” 

Including this latest acquisition, Blackwell and his team have helped the buyer
assemble an 84- unit multifamily portfolio valued at more than $24 million. This
was the team’s 80th Anaheim  sale. 

Blackwell also represented the seller, a local private investor, in the
transaction. 

About CBRE Group, Inc. 

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered
in Dallas, is the  world’s largest commercial real estate services and
investment firm (based on 2020 revenue). The  company has more than 100,000
employees serving clients in more than 100 countries. CBRE serves  a diverse
range of clients with an integrated suite of services, including facilities,
transaction and project  management; property management; investment management;
appraisal and valuation; property leasing; strategic consulting; property sales;
mortgage services and development services.

25-Unit Multifamily Property in Anaheim Sells for $7.9MM

CBRE Arranges 1031-Exchange in Orange County for $6.8MM

14-Unit Multifamily Property in Anaheim Sells for $4.65MM


 * TAGS
 * Anaheim
 * CBRE
 * Newport Beach
 * Orange County

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