CBRE Negotiates $2.5M Acquisition of Multifamily Property in Anaheim, California

ANAHEIM, CALIF. — CBRE has arranged the purchase of a seven-unit apartment building in Anaheim. A private investor acquired the asset for $2.5 million, or $360,714 per unit.

Dan Blackwell and Amanda Fielder of CBRE represented the Orange County-based buyer in the deal. The seller was from Alameda County.

Built in 1985, the 6,500-square-foot building is located at 406 E. South St. on a 9,148-square-foot lot. The community features individual patios, garage parking and a newly installed fire sprinkler system.