Updated Sep 9, 2024
CBRE Sells 14-Unit Multifamily Community In Anaheim For $5.9M
129 S Olive St Anaheim, CA 92805, USA
$5,900,000
$380/SF
Building Size
15,517 SF
Asset Type
MultiFamily
Closing
Jun 21, 2023
About this deal
AI
The CBRE team led by Dan Blackwell successfully closed the sale of a 14-unit multifamily community in Anaheim, California. The property, located at 129 South Olive Street in Downtown Anaheim, was sold for $5.9 million, achieving one of the highest prices per unit in the city. The community features two-bedroom townhome-style floor plans, recent renovations, and a sought-after location near amenities.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $5,900,000
- Square Footage: 15,517 SF
- Price Per Square Foot: $380
- Number of Units: 14
- Price Per Unit: $421,429
- Address: 129 South Olive Street
- Market: Anaheim
The sale was facilitated by Dan Blackwell from CBRE, one of the leading real estate agencies. Thanks to their expertise and negotiation skills, the transaction successfully concluded, resulting in a favorable outcome for all parties involved.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93