By Staff report – OCRegister.com.
CBRE recently closed two apartment complexes in Anaheim.
The first, Palm Apartments, sold to a local investor for $7.6 million. The second property, Villa Mimosa Apartments, sold to a 1031-exchange investor for $4.7 million. Dan Blackwell, CBRE senior vice president, represented the seller, Ball Anaheim Apartments LLC. The buyer, Great Chi Investments, was represented by Grady Liu with Macroreal Investment Group. The property, at 1724-1736 W. Ball Road, includes 40 one-bedroom units. Built in 1959, the gated community features two courtyards, a swimming pool, laundry facilities.