Cushman & Wakefield has brokered the sale of a newly renovated, 16-unit, garden-style multifamily community in Anaheim, CA. The property sold for $5.67 million, equaling just over $354,000 per unit and a 4.4% CAP rate. The firm’s Mark Bridge represented both buyer and seller, private investors, in the transaction.

“This asset provided an investor a great opportunity to acquire a well-maintained apartment community with major renovations having been completed,” said Bridge, Managing Director with Cushman & Wakefield’s Multifamily Advisory Group in Orange County. “This property is in a central location near major retail, educational, employment and entertainment opportunities.”

Located within a mile of Disneyland at 2070 S. Mountainview Ave., the complex consists of a single two-story building with one- and two-bedroom units. The recent upgrades include new exterior wood and paint, resurfaced decking, landscaping and a gazebo.