Two small apartment complexes nearly 60 years old in Anaheim have sold to different buyers for a combined $5.5 million, according to CBRE.
Two six-plex buildings at 1121-1125 West Fay Lane in Anaheim sold for $2.92 million or $243,333 per unit.
The buyer was not identified by CBRE but apparently was a repeat client for the brokerage. The seller also was not identified.
“Our team generated six competitive offers as a result of our marketing efforts,” said Dan Blackwell at CBRE. “The sale of the 12-unit property was one of two multifamily properties that the team recently sold for the seller.”
The 59-year-old complex sits on two parcels near the major South Harbor Boulevard and Lincoln Avenue. The properties span a total 9,724 square feet and include one- and two-bedroom floor plans. The average unit size is 810 square feet with patios in the majority of the units, CBRE said.
Amenities include a laundry facility, garage parking and a large central courtyard.
Another repeat buyer with CBRE bought two four-plex buildings at 311 and 315 S. Kroeger St. in the city for $2.58 million, or $322,875 per unit. The seller was based in San Diego County and the buyer in Orange County.
That property is also 59 years old but is located in the trendy Historic Colony District of Anaheim. Each fourplex measures 3,681 square feet and includes two-bedroom units averaging 900 square feet and one three-bedroom unit averaging 1,025 square feet.
Amenities include a laundry facility and a shared courtyard.
16-unit complex sells for $4.2 million in Anaheim
A 16-unit apartment complex in Anaheim sold for $4.2 million, or $262,500 per unit, to Emile’s Mart Car Wash LLC, according to Cushman & Wakefield.
The seller was Stuart Little LLC.
Cushman reps said the two-building, two-story complex at 320-404 Guinida was fully leased at the time of sale.
“This was a great investment opportunity of a recently and significantly renovated apartment community that is well-located,…
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