Ryan Somers Of Benedict Canyon Equities Acquires 132-Unit Multifamily In Anaheim For $42.75M

The property involved in this transaction is a 132-unit multifamily apartment complex located at 2104 Lewis Street in Anaheim, California. It was sold for a total of $42,750,000, equating to $323,864 per unit. The asset, which was built in 1989, was previously encumbered by a $19.8 million CMBS loan that has been fully defeased. Rental prices at the property start at $2,100, and the complex offers amenities such as a pool, fitness center, and clubhouse.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $42,750,000
• Units: 132
• Price Per Unit: $323,864
• Buyer: Ryan Somers - Benedict Canyon Equities
• Seller: Stephen Jones - Consensys Property Management
• Broker: JLL

Ryan Somers represented Benedict Canyon Equities in the acquisition of the property from Stephen Jones, who represented Consensys Property Management in the transaction. This deal highlights the involvement of JLL as the brokerage firm facilitating the sale process.