TA Realty Purchases Property At 240 Avenida Vista Montana With Seller's Reps Dean Zander And John Montakab

The transaction involved Seacrest Apartment Homes, a multifamily property located at 240 Avenida Vista Montana in San Clemente, California. Built in 1988, the property comprises 368 units with a mix of one- and two-bedroom floor plans, offering ocean views and resort-style amenities including swimming pools, spas, a resident clubhouse with kitchen, barbecue and picnic areas, a business center, laundry facilities, and an open-air fitness center. The property was sold for an undisclosed price.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Address: 240 Avenida Vista Montana, San Clemente, CA
• Seller: Western National Group
• Buyer: TA Realty
• Seller's Representatives: Dean Zander - CBRE, John Montakab - Walker & Dunlop
• Year Built: 1988
• Units: 368
• Largest Orange County multifamily sale this year: Yes

The deal was negotiated by Stewart Weston, Dean Zander, and John Montakab of CBRE representing the seller. TA Realty, based in Newport Beach, California, was self-represented in the transaction, which is notable as it showcases significant activity in the Orange County multifamily market.