Source: OC Register —
A 56-unit apartment complex in Anaheim has been sold to an unidentified investor for $15.6 million or $279,000 per unit, according to CBRE.
CBRE’s Dan Blackwell represented the buyer and the seller.
“The Orange County market is very competitive right now, and we are working with many property investors on both on- and off-market opportunities to help execute multifamily trades,” Blackwell said in a statement.
The two-story property called The OC Apartment Homes at 1251 N. Placentia Ave. was built in 1973 and sits on 2.35 acres. The buildings include one- and two-bedroom floorplans. One-bedroom units rent for around $1,525, according to various rental websites. Amenities include a pool and a shared laundry facility.