
Townhome Complex Notches One of Anaheim’s Highest Per-Unit Prices
CBRE closed the sale of a 14-unit multifamily community in Anaheim to a private investor for $5.9 million, representing one of the highest prices per unit in the city. EVP Dan Blackwell represented the buyer and seller.
Located at 129 S. Olive St., the property was built in 1986 on approximately 15,517 square feet and features all two-bedroom/two-bathroom townhome-style floor plans with vaulted ceilings, central air, patios and balconies. It was recently renovated, including new paint and the replacement of the exterior wood.
“This a rare, pride-of-ownership asset in an amenity-rich, walkable neighborhood that is highly sought-after,” said Blackwell. “Our team had helped the seller of 129 S. Olive St. acquire the asset a couple of years ago and guided the investor from the acquisition of the property to the exit. We secured an all-cash buyer through our multifamily investor network and the property was under contract before it was placed on the market for sale. The closing represents a sales price of $421,000 per unit.”
- ◦Sale/Acquisition