FULLERTON AND BUENA PARK, CALIF. — CBRE has arranged the $7.6 million sale of two properties in northern Orange County, California. The properties, which total 24 units altogether, were sold to two separate buyers.
In the first transaction, CBRE’s Dan Blackwell and Amanda Fielder represented the buyer in the acquisition of a property located at1801 and 1809 East Wilshire Avenue in Fullerton. The asset traded hands for $4.2 million. The asset was originally built in 1958 on a 0.4-acre site and offers 16 one-bedroom apartments. The buyer was based in Los Angeles County. The Orange County-based seller was exchanging into a Delaware Statutory Trust.
CBRE also represented an Orange County-based exchange buyer in the acquisition of an eight-unit community at 7012 and 7024 El Dorado Drive in Buena Park. The property comprises two fourplex buildings. Units come in two-bedroom floor plans. The seller, a private investor based in Orange County, sold the property for $3.4 million.