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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.
- ◦Sale/Acquisition




