June 19, 2021
Real Estate

14-unit apartment building in Anaheim sells for $4.65 million – Orange County Register

A 14-unit apartment building in Anaheim has been sold for $4.65 million to an unidentified buyer, according to CBRE.

CBRE’s Dan Blackwell represented the buyer and unidentified seller in the deal.

The property at 129 S. Olive St. is in downtown Anaheim, steps away from the popular Anaheim Packing District.

The property was built in 1986 and has two-bedroom, two-bathroom townhome style apartments with vaulted ceilings, central air, patios and balconies.

“Within 24 hours of marketing the property for sale, we immediately had multiple offers from qualified buyers and went under contract,” said Blackwell. “The strong rental demand in the area supports full occupancy.”

The sale price translates to $332,143 per unit.

North & Nash leased 2,332 square feet of office space at 5000 Birch, a two-building, 308,567-square-foot office campus in Newport Beach, according to JLL. The law…

Read full article here: www.ocregister.com