CBRE Arranges $2.875M Sale Of 10-Unit Multifamily Property In Garden Grove

The 10-unit multifamily property located at 11821 Stuart Drive in Garden Grove, California has been sold for $2,875,000. This transaction marks the property's first sale in over 60 years. With a value-add opportunity, the property offers potential for rent increases. It is conveniently located near major employment centers and amenities, as well as tourist destinations.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,875,000
• Address: 11821 Stuart Drive
• Market: Garden Grove
• ACRES: 0.28

The sale of this multifamily property was facilitated by Andrew Boukather and Daniel Blackwell of CBRE. They represented both the seller and the buyer in this transaction.