CBRE recently 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 sale in the city. EVP Dan Blackwell represented both buyer and seller during this transaction.
Located at 129 S. Olive St., this property was built in 1986 on approximately 15,517 square feet and features two-bedroom/two-bathroom townhome-style floor plans with vaulted ceilings, central air conditioning units, patios and balconies that have been recently renovated with new paint as well as replacement of exterior woodwork.
“This is an exceptional asset located within an amenity rich neighborhood that has become highly sought after,” said Blackwell.”Our team had previously helped acquire it for the seller a couple years ago before guiding them through its eventual exit by securing an all cash buyer from our multifamily investor network; The closing price was $421,000 per unit – making it one of Anaheim’s highest priced sales per unit.”
