(Read more on the multifamily market.)
GARDEN GROVE, CA-Private investors have acquired three apartmentcomplexes here and in two other communities in deals totaling morethan $12 million, the largest of them the sale of the 32-unit KonaGarden Apartments here. The others were the 26-unit Mountain ViewApartments in La Quinta and a 22-unit complex in Santa Ana.
The Kona Garden, a Polynesian-themed property that was built in1962, sold for $5.5 million in a deal between two privateinvestors. The property, at 9731 Acacia Ave. in Garden Grove, issituated on nearly three acres and consists of 13 bungalow-stylebuildings in a garden setting. The transaction was brokered by HiuChan of the Long Beach office of Marcus & Millichap, whorepresented both the buyer and the seller.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
