ANAHEIM, CA-Apartment sales of $17 million here and $8.6 million in La Habra, plus a 7.4-acre land sale in Mission Viejo, illustrate the interest in residential and multifamily investment in the county, according to brokers who were involved in the transactions. The three deals included the $17 million sale of a 142-unit complex in Anaheim by Marcus & Millichap, the nearly $8.6 million sale of 61 units in La Habra by Hendricks & Partners and the land sale, brokered by CB Richard Ellis.

The Anaheim property was the Arbors at Magnolia Apartments at 150 South Magnolia Ave. According to Alex Mogharebi, an EVP with Marcus & Millichap’s Ontario office who represented the buyer, the deal represented “a well-positioned investment opportunity located in the heart of Orange County where, in this market, home affordability is still an issue.” The buyer was a Los Angeles-based private investor.

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?


GlobeSt. Multifamily Fall 2023Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


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 © 2023 ALM Global, LLC. All Rights Reserved.