CBRE Brokers Sell Anaheim Multifamily Property For $2.53M

The property at 406 East South Street in Anaheim, California, a seven-unit multifamily asset, was sold for $2.53 million. This property spans 6,500 square feet, offering attractive amenities and well-designed layouts. With a price per unit of $360,714 and a price per square foot of $388, this multifamily property provides proximity to Disneyland, making it a desirable investment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,525,000
• Units: 7
• Price Per Unit: $360,714
• Square Footage: 6,500
• Price Per Square Foot: $388
• Address: 406 East South Street
• Market: Anaheim

Amanda Fielder and Daniel Blackwell, representing CBRE, were the brokers involved in the transaction. Dan Blackwell represented the buyer, whereas Amanda Fielder represented the seller in this multifamily property sale. The property achieved a 4.95% cap rate and has the potential for increased rent, offering a promising investment opportunity.