Anaheim Multifamily Goes for $279K Per Unit
A 56-unit multifamily property built in 1973 sits on 2.35 acres located at 1251 N. Placentia Ave. in Anaheim. The two-story asset recently sold for $15.6 million to a private investor.
CBRE’s Dan Blackwell represented the buyer and seller, a local private investor, in the transaction.
“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 helped the buyer assemble an 84-unit multifamily portfolio valued at more than $24 million. This was the team’s 80th Anaheim sale.
“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.
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