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HUNTINGTON BEACH, CALIF. — Advanced Real Estate has acquired Beachpoint, an apartment building in the Orange County city of Huntington Beach, for an undisclosed price. Situated on Beach Boulevard, the property features a 68-unit apartment building and a 12,000 square feet of multi-tenant office space.
Advanced Real Estate plans to update the asset with new paint, signage, an amenities overhaul and drive-entry enhancements. The units will receive new flooring, fixtures, a contemporary paint scheme and the addition of washers and dryers.
Gary Tolfa of Triqor’s Newport Beach office brokered the off-market transaction. Farmers & Merchants Bank provided the loan for the acquisition.