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California  + Orange County  + Apartments  | 

CBRE Closes Two Multifamily Sales in Northern OC

CBRE arranged the sale of two multifamily properties totaling 24 units for $7.61 million in northern Orange County to two separate buyers. In the first transaction, EVP Dan Blackwell and associate Amanda Fielder represented the buyer in the sourcing and acquisition of a 16-unit multifamily property located at 1801 & 1809 E. Wilshire Ave. in Fullerton.

The off-market transaction had a sale price of $4.2 million. The buyer was based in Los Angeles County. The Orange County-based seller was exchanging into a Delaware Statutory Trust (DST).  

According to Blackwell, the sale of 1801 & 1809 E. Wilshire is the largest apartment transaction in Fullerton this year and marks the property’s first change of ownership in 40 years.

In the second transaction, Blackwell and Fielder represented an Orange County-based exchange buyer in the acquisition of an eight-unit multifamily property at 7012 & 7024 El Dorado Dr. in Buena Park. The sale totaled $3.41 million. The seller was a private investor based in Orange County. 


Inside The Story

CBRE's Blackwell

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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