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California  + Orange County  | 

Huntington Beach Multifamily Trades for First Time in 40 Years

CBRE closed the sale of Tropicana Apartments, a 21-unit multifamily community in Huntington Beach, to a private all-cash buyer. The sale price of $7.05 million represents a sale price of $698 per square foot and $337,714 per unit, reportedly the largest apartment transaction in downtown Huntington Beach in the past 10 years.

EVP Dan Blackwell and first VP Mike O’Neill represented the seller, a private investor based in Huntington Beach, exchanging into a Delaware Statutory Trust. The buyer was also based in Huntington Beach.

Blackwell said, “This is the first time the property has been available for sale in over four decades.”

The Tropicana Apartments property is located on a corner block one block from the beach at 201 10th St. and features four two-story buildings. The gated community was built in 1963 on 0.40 acres and offers a mix of one- and two-bedroom floorplans with ocean views in select units.

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CBRE's Blackwell

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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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