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ORANGE COUNTY NEWS
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KDF Communities Acquires Seniors Multifamily Property in Huntington Beach for $49 Mil

10/08/20

KDF Communities has purchased Five Points Senior Apartments, a 166-unit multifamily community in Huntington Beach, for $49 mil, or $295k/unit. The property was sold by a private seller who originally developed the project in 1993 in conjunction with the city of Huntington Beach.

Located at 18561 Florida St, Five Points Senior Apartments is a well-amenitized complex with large units featuring various floorplans, a library and a fitness center in one of the most sought-after neighborhoods in Southern California. Huntington Beach offers a desirable coastal neighborhood with upscale retail, dining and boutiques.

Pat Swanson, John Nguyen and Ron “Doron” Peled with Colliers International represented both parties in the transaction. The listing generated over 300 confidentially agreements, multiple walk throughs and more than 10 qualified offers that received a best and final term sheet from the seller. The property traded at a 15.68 GRM and 3.67% cap rate.





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