WESTMINSTER, CALIF. — CBRE has arranged the sale of La Pat Courtyard Apartments, a 30-unit community in Westminster. The community was purchased by a private investor for $10 million in a 1031 exchange. Dan Blackwell and Andrew Boukather of CBRE represented the Los Angeles-based seller in the transaction. Additionally, Blackwell and Boukather, along with Amanda Fielder, represented the Orange County-based buyer.
La Pat Courtyard Apartments is situated on a 0.9-acre lot between Westminster Boulevard and Humboldt Avenue. The property was originally built in 1961 and recently underwent $1.4 million in extensive interior and exterior renovations. The two-story community offers one studio, 17 one-bedroom units and 12 two-bedroom units.
Amenities include a courtyard with picnic tables, barbeques and pergolas for shade, as well as front and rear security gates. The property offers 49 parking spaces, including three garage spaces, 27 covered spaces and 19 open spaces.