Cushman & Wakefield recently brokered the sale of a 5-unit multifamily community located at 800 Amigos Way in Newport Beach, CA. The Fahed Group purchased the asset from Woods Family LP for $3.6 million and Cushman & Wakefield’s Mark Bridge represented both sides in the transaction.
Bridge commented that this was an attractive investment opportunity due to its well-maintained condition and robust location near major retail, educational and employment opportunities for residents. Built in 1970’s, it consists of two two-story buildings with one or two bedroom units featuring balconies/patios, fireplaces (in four units) as well as covered carports for each unit plus an onsite laundry room situated on a third acre lot.
