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October 17, 2021
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ORANGE COUNTY NEWS
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Anaheim Apartment Sale Comps at $278k/Unit

8/24/21

A 56-unit apartment property in Anaheim was purchased for $15.6 mil ($278.5k/unit) by a private investor. It was sold by a local private investor

Built in 1973, the property sits on 2.35 acres at 1251 N. Placentia Ave. The two-story property features one- and two-bedroom floorplans as well as a swimming pool and laundry facility.

CBREs Dan Blackwell represented both parties in the deal. According to Blackwell, the buyer took advantage of the attractive lending terms in the market and obtained 2.5% fixed financing for seven years
with a 35% down payment.




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