Private Individual Acquires Property In Buena Park For $5.55M With Buyer’s Rep Jonathan Mitchell

A fully leased 16-unit apartment community located at 8081 7th St, Buena Park, CA, 90621, has sold for $5,550,000. The property consists of two-story buildings, built in 1975, featuring 12 two-bedroom units and four one-bedroom units. It is situated on a corner lot near major retail and shopping centers, educational institutions, employment opportunities, and Knott’s Berry Farm theme park. The location provides convenient access to the I-5 and I-91 freeways.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: $5,550,000.00
• Buyer: Private Individual
• Seller: Private Partnership
• Buyer's Representative: Jonathan Mitchell - Compass
• Seller's Representative: Mark Bridge - Cushman & Wakefield
• Notes: The transaction is part of a 1031 Exchange.

Mark Bridge, Jonathan Mitchell, and Trey Wheeler from Cushman & Wakefield's Multifamily Advisory Group in Irvine represented both parties in this transaction. The sale highlights the continued interest in multi-family properties within the Buena Park market.