Private Investor Acquires MultiFamily Property On S Mountain View Ave, Anaheim For $5.67M

The newly renovated, 16-unit garden-style multifamily community in Anaheim, CA, located at 2070 S Mountain View Ave, was sold for $5.67 million. The property's sale price averaged over $354,000 per unit, resulting in a 4.4% CAP rate. Major renovations, such as new exterior wood and paint, resurfaced decking, landscaping, and a gazebo, have been completed on this two-story building with one- and two-bedroom units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,670,000.00
• Market: Anaheim
• Address: 2070 S Mountain View Ave, Anaheim

Cushman & Wakefield's Mark Bridge, the Managing Director of Multifamily Advisory Group in Orange County, represented both the buyer and seller in this transaction involving a private investor. The property provides an excellent investment opportunity, situated centrally near notable retail, educational, employment, and entertainment facilities. The proximity to Disneyland adds to the appeal of this well-maintained apartment community.