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Seal Beach MF Trades for the First Time in 30 Years
CBRE’s Dan Blackwell and Mike O’Neill arranged the sale of a seven-unit multifamily property in Seal Beach to a private buyer for $3.45 million. Blackwell and O’Neill represented the seller, a partnership comprised of three separate trusts.
Located at 1615 Electric Ave. in the prime “Old Town” area of Seal Beach, the 8,108-square-foot property was originally built in 1970. The Orange County property sits on 6,467 square feet of land, one block from the Pacific Ocean and two blocks from Pacific Coast Highway.
“This is an extremely valuable asset located just steps away from the beach, and it has not been on the market in over 30 years,” said Blackwell. “Through our marketing efforts, we were able to generate five qualified offers, go under contract non-contingent on day one, and execute the sale in a timely manner that met the needs of both the seller and buyer.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
