California + Orange County + Apartments | June 3, 2022

CBRE Arranges $5M MultiFam Sale in Huntington Beach

A nine-unit apartment property has sold for nearly $5 million, or $528,000 per unit, the second highest price-per-unit sale in the last year in Huntington Beach, CA. CBRE’s Dan Blackwell and Mike O’Neill represented the seller in the transaction.

Located at 221 10th St., the property features predominantly townhome floorplans in a prime coastal setting, just two blocks from the beach and in walking distance to downtown Huntington Beach and the Pacific City Center.

The deal drew seven offers, and eventually sold for $51,000 above list price. “We worked with a family trust educating and leading them through the process to successfully sell their Huntington Beach multifamily property above asking price,” said Blackwell in a news release.

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CBREDan Blackwell

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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