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January 18, 2022
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OC Multifamily Community Acquired for $182.5 Mil by GID

12/10/21

The Valentia Apartment Homes, a Class A multifamily community consisting of 335 market-rate units in the North Orange County submarket of La Habra, sold for $182.5 mil ($545k/unit). The property is located at 951 S. Beach Blvd, just north of Imperial Hwy.

Valentia Apartment Homes is a resort-style community with amenities including a 24-hour fitness center and private workout studio; electric vehicle charging stations, outdoor entertainment lounge zones with a fire table, and cabanas surrounding a luxury pool and spa. The community offers strong walkability to over 1.4 msf of neighboring retail located at the intersection of Beach Blvd and Imperial Highway in La Habra. The nearby retailers include Trader Joes, Amazon Fresh, and Costco.

Joe Leon with Voit Real Estate Services represented the sellers, a joint venture between Northwestern Mutual and Fairfield Residential, and also procured the buyer, GID.

“The strong price and quick close of this sale speak to the health of the North Orange County market. This extremely high-quality asset was built 2017 and could not be replicated today due to scarcity of available sites in this supply-constrained submarket,” says Leon. “Valentia Apartment Homes is the only multifamily property constructed in La Habra over the past 20 years.”




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