NEWPORT BEACH, CALIF. — CBRE has arranged the $2.4 million sale of a nine-unit property located at 6744 Orizaba Ave. in Long Beach, 25 miles south of Los Angeles. Built in 1973, the building comprises 7,770 square feet across two stories. The community is situated on a 9,540-square-foot lot at the corner of Orizaba Avenue and East 67th Way.
The unit mix includes one studio and eight two-bedroom apartments. The community also offer an on-site laundry facility and 10 single-car garages. The roof was replaced in 2017.
Dan Blackwell, Trey Mitchell and Jack O’Connor of CBRE represented both the buyer and the seller in the transaction. The seller, who was looking to retire and manage estate planning, was based in Riverside County. The buyer was headquartered in Los Angeles County.