CBRE Brokers $9.5M Multifamily Sale In Arcadia

Located in Arcadia, this multifamily property at 933 Arcadia Ave. recently sold for a total of $9,500,000. The sale, facilitated by CBRE broker Priscilla Nee, took place on 05/12/2022. The property consists of 20 units, resulting in a price per unit of $475,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,500,000
• Address: 933 Arcadia Ave.
• Market: Arcadia
• Broker: Priscilla Nee - CBRE
• Units: 20
• Price per Unit: $475,000

This transaction stands as a testament to the vibrant real estate market in Arcadia. With 20 units in a multifamily property, the sale garnered a lot of attention. Priscilla Nee, a representative from CBRE, successfully brokered the deal. This sale highlights the strong demand and potential profitability of multifamily properties in the area.