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7/16/26
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Eagle Partners and The Vistria Group have purchased Crystal View Apartments, a 402-unit apartment mixed-income workforce housing community located in Garden Grove, for $132.5 mil, or $329.6k/unit. Built in 1968 and renovated in 2012, the property is located at 12091 Bayport St, north of the 22 Fwy between Harbor Blvd and I-5.
Through the acquisition, Eagle and Vistria will extend existing affordability for 20% of the community’s units restricted to households earning up to 50% of Area Median Income (AMI) and will establish new long-term affordability restrictions for an additional 30% of units at 80% of AMI. The transaction preserves affordability commitments that were nearing expiration and creates new long-term affordability protections where none previously existed, helping maintain access to quality housing in Orange County. The partnership will also implement targeted capital improvements to enhance the property and resident experience.
Crystal View Apartments is a garden-style multifamily community, centrally located in Orange County adjacent to major employers and retail amenities. The property offers 555 parking spaces, on-site resident services and expansive amenities including a resort-style pool, fitness center and sports-complex in addition to a critical stock of attainable housing in a supply constrained Orange County submarket.
Crystal View is Eagle’s third affordable housing preservation acquisition in the past twelve months, following the $107 mil acquisition of the 350-unit Hills at Hacienda Heights in Los Angeles County in November 2025 and the $162.5 mil acquisition of the 551-unit Hendrix and Hadley Apartments in Escondido in March 2026. The acquisition further establishes the firm’s footprint across Southern California.
Newmark’s Geoff Boler, Jonathan Merhaut, and the firm’s debt and sales team were involved in the transaction.
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