Updated Dec 4, 2024
CBRE Brokers $7.61M Multifamily Sale In Fullerton & Buena Park
1801 East Wilshire Avenue in Fullerton & 7012 El Dorado Drive
$7,610,000
Units
24
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
CBRE has brokered the sale of two multifamily properties in northern Orange County, California, totaling 24 units for a combined $7.61 million. The transactions include the $4.2 million acquisition of a 16-unit property located at 1801-1809 East Wilshire Avenue in Fullerton, which is the largest apartment deal in the area this year. Additionally, an eight-unit property located at 7012-7024 El Dorado Drive in Buena Park was purchased for $3.41 million, making it the sole multifamily property sold in the area this year. Both properties are situated on a combined 0.7 acres.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,610,000
- Address: 1801-1809 East Wilshire Avenue & 7012-7024 El Dorado Drive
- Market: Fullerton & Buena Park
- Number of Units: 24
- Price Per Unit: $317,083
- Brokers: Amanda Fielder & Daniel Blackwell - CBRE
These transactions were facilitated by Amanda Fielder and Daniel Blackwell from CBRE.
Players
Fullerton 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
2.08%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93