CBRE Facilitates $6M Sale Of 17-Unit Multifamily Property In Westminster, CA

The CBRE team, represented by Dan Blackwell and Andrew Boukather, facilitated the sale of a multifamily property in Westminster, California. The property, located at 13931-13951 Illinois Street, encompasses 1.13 acres of land. The transaction took place on July 5, 2023.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Units: 17
• Price per Unit: $352,941
• Address: 13931-13951 Illinois Street, Westminster, California
• Market: Westminster

The property comprises two-bedroom apartments and has recently undergone renovations. Its proximity to shopping centers and major employers presents an attractive value-add opportunity for investors.

CBRE's Dan Blackwell and Andrew Boukather played a pivotal role as the brokers in this transaction.