CBRE Multifamily Closed Two Apartment Complexes in Anaheim Totaling 58 Units for Roughly $12.3 Million
Dan Blackwell
![Dan Blackwell]()
Dan Blackwell
We represent investors who buy and sell multifamily investment properties in SoCal. We are a highly focused team that aligns with our clients interests and strive to optimize their financial outcome.
Dan Blackwell of CBRE Multifamily represented the sellers in both transactions and was able to generate a total of 13 offers. The selected buyers were represented by brokers outside of CBRE.
The first, The Palms Apartments, sold to a local investor for $7.6 million. Blackwell represented the seller with the purchase of the property and was able to sell the property for 30% more of what they purchased it for 18 months ago.
The second property, Villa Mimosa Apartments, sold to a 1031-exchange investor for $4.7 million. The seller consisted of a partnership of five family trusts.
Read More: OC Register
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