The Beachwood Apartments, an 18-unit multifamily community located at 125 16th Street in Huntington Beach, California, was recently sold for $8,650,000. With a total square footage of 15,809, the property was sold at a price per unit of $480,556 and a price per square foot of $547. The transaction was facilitated by Daniel Blackwell and Mike O’Neill from CBRE, representing both the seller and the private investor.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,650,000
• Market: Huntington Beach
• Acres: 0.4
• Units: 18
• Square Footage: 15,809
• Price per Unit: $480,556
• Price per Square Foot: $547

CBRE's Dan Blackwell and Mike O’Neill played a crucial role in the successful completion of the deal for Beachwood Apartments. The sale highlighted the property's prime location in Huntington Beach and its potential for increased rental income, making it an attractive investment opportunity for the private investor.