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CBRE’s Blackwell and O’Neill Sell Four Huntington Beach Properties
CBRE closed the sale of four multifamily properties in Huntington Beach in separate transactions, totaling 34 units. The combined sales price was $17,925,000, representing $527,206 per unit and 97% of the asking price.
EVP Dan Blackwell and first VP Mike O’Neill represented the seller, a local family trust, in all four transactions. This marks the first time these properties, built in the early 1970s, were available for sale. Blackwell and O’Neill generated between five and eight offers on each property.
They include 212 15th St., which sold to an Orange County-based buyer in a 1031 exchange; 125 16th St., which sold to a Fountain Valley-based repeat client of Blackwell and O’Neill; and 317 & 321 22nd St., two neighboring fourplexes.
“The coastal Huntington Beach market continues to demonstrate robust demand for well-located multifamily assets,” said Blackwell. “These sales validate the strong interest from investors seeking quality properties in prime coastal locations.”
- ◦Sale/Acquisition
