CB Richard Ellis closes multifamily sale

Secures buyer for 10-acre property in Orange County, Calif.

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

CB Richard Ellis facilitated the sale of a 128-unit apartment property in Anaheim, Calif. The transaction was valued at approximately $15.4 million. The identities of the buyer and seller were not disclosed. Known as The Cottages, the property at 425 North Magnolia Ave., offers 126 two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units in a single story configuration. Onsite amenities include a large central park area, basketball courts, swimming pool, playground, as well as in-unit amenities such as washer/dryer hookups and large private patio areas. Built in 1964, the property sits on more than 10 acres. CB Richard Ellis is a commercial real estate brokerage. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....