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Marcus & Millichap Facilitates Sale Of Chateau De Ville Multifamily In Anaheim For $79.1M

Property Image
SOLD
$79,076,710
Matthew Kipp
Tyler Leeson

California

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MultiFamily
Sold 02/22/2024
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Facilitates Sale Of Chateau De Ville Multifamily In Anaheim For $79.1M

2020 West Alameda Avenue

See Similar Deals
MultiFamily
Sold 02/22/2024
Matthew Kipp
Tyler Leeson
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Chateau de Ville is a 254-unit multifamily property located at 2020 West Alameda Avenue in Anaheim, California. The property spans 9 acres and was recently sold for $79,076,710 in a transaction facilitated by brokers Matt Kipp and Tyler Leeson from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $79,076,710
  • Units: 254
  • Price Per Unit: $311,326
  • Address: 2020 West Alameda Avenue
  • Market: Anaheim

Tyler Leeson and Matt Kipp played key roles in the sale of Chateau de Ville. The transaction highlighted the property's amenities, strategic location near major employers and educational institutions, and Orange County's robust rental market.

Players

Tyler Leeson
Marcus & Millichap
Tyler Leeson
14 deals$397.4M volume
BROKER
Matthew Kipp
Marcus & Millichap
Matthew Kipp
12 deals$420.1M volume
BROKER

Details

SOLD
IMAGE: Tyler Leeson & Matt Kipp DATE: 02/22/2024 ADDRESS: 2020 West Alameda Avenue MARKET: Anaheim ASSET TYPE: Multifamily ~ ACRES: 9 BROKERS: Matt Kipp & Tyler Leeson - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $79,076,710 UNITS: 254 ~ PPU: $311,326 NOTE: Marcus & Millichap sold Chateau de Ville, a 254-unit multifamily property in Anaheim, California, for $79.1 million. Tyler Leeson and Matt Kipp facilitated the deal, emphasizing Orange County's robust rental market and the property's amenities and strategic location near major employers and educational institutions.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$280,942.86
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