CBRE Facilitates $16.77M Multifamily Sale Of Aria Apartments And Pearson Gardens In Anaheim

The transaction involved two multifamily properties located at 2910 West Ball Road and 314 East Pearson Avenue in Anaheim. The total sale price amounted to $16,770,000 for 53 units across 1.78 acres. The total square footage of the properties is 40,396, translating to a price per unit of $316,415 and a price per square foot of $415.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,770,000
• Units: 53
• Acres: 1.78
• Square Feet: 40,396
• Price Per Unit: $316,415
• Price Per Square Foot: $415

CBRE facilitated this transaction for a local investor, which included the acquisition of the 33-unit Aria Apartments for $10.97 million. Additionally, the sale involved the previous property of the investor, a 20-unit property named Pearson Gardens, which sold for $5.8 million, allowing the investor to secure an upgraded asset in a more desirable location.