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6/22/23
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A 14-unit multifamily community in Anaheim was acquired by a private investor for $5.9 mil ($421k/unit), marking one of the highest prices per unit sale in the city of Anaheim.
The property, located at 129 S. Olive St, sits in the prime area of Downtown Anaheim and is steps away from the Anaheim Packing District. It was built in 1986 on approximately 15.5k sf and features all two-bedroom/two-bathroom townhome-style floor plans with vaulted ceilings, central air, patios and balconies. The property had recently been renovated, including new paint and the replacement of the exterior wood.
CBRE’s Dan Blackwell represented both parties in the all-cash transaction. According to Blackwell, his team helped the seller of 129 S. Olive Street acquire the asset a couple of years ago and guided the investor from the acquisition of the property to the exit.
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