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California  + Orange County  + Apartments  | 

Local Investor Scores Two Huntington Beach Fourplexes

CBRE closed the sales of two four-unit multifamily properties in Huntington Beach to a private investor. Both properties sold for $2,712,500 each, representing $678,125 per unit and a combined sales price of $5,425,000.

EVP Dan Blackwell and first VP Mike O’Neill represented both the buyer and the seller in two transactions: a fourplex at 321 22nd St. and the neighboring fourplex at 317 22nd St. in Huntington Beach. The seller was based in Huntington Beach, and the buyer was from Westminster. Neither the buyer nor the seller was in a 1031 exchange.

This was the first time that either property was listed for sale. The sale price also set a record as the highest price for a fourplex in Huntington Beach over the past two years, according to CBRE.

“The two neighboring multifamily assets are identical properties, each sitting on a double lot,” said Blackwell. “As a result, the investor acquired a total of four contiguous lots, offering potential alternative asset plans.”

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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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