California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
San Diego Investor Scoops Up Huntington Beach Multifamily
CBRE facilitated the sale of a five-unit multifamily community in Huntington Beach to a private investor for $2.4 million. The sale equated to $479,000 per unit and $665 per square foot.
EVP Dan Blackwell and associate Amanda Fielder represented the San Diego-based 1031-exchange buyer. The seller was a private investor from Huntington Beach.
Located at 7872 Liberty Dr. in Huntington Beach, the 3,604-square-foot, two-story apartment building was constructed in 1979 on 0.21 acres. Comprising one-, two- and three-bedroom units, it offers garage parking and a laundry facility. Recent enhancements include full renovations to two units, a new central water heater, updated windows, garage doors, exterior paint and landscaping.
“This is an attractive multifamily property situated in an ideal rental location, close to restaurants, nightlife, entertainment, shopping, renowned beaches, transportation and the 405 freeway,” said Blackwell.
- ◦Sale/Acquisition




