NEWPORT BEACH, CA—Two Southland apartment buildings with a combined 61 units have been sold for a total of $3.4 million, according to locally based Morgan Skenderian Investment Real Estate Group.

In the first deal, the 21-unit Mohican Apartments at 1152 N. Mohican Way in Anaheim was sold by a private partnership, Mohican Properties LLC of Corona del Mar, for $1.33 million. Morgan Skenderian represent the buyer, Mohican 1152 Partners LLC of San Gabriel. The seller was represented by the Newport Beach office of Investment Property Group.

In the second transaction, Morgan Skenderian represented Orange-based seller FDK Enterprises in the $2.1 million sale of the 40-unit Florburn Apartments at 6314-6324 Fishburn Ave., Bell. Star Funding Realty’s Montebello office represented the buyer, private investor Reynaldo Tobias of La Habra.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.