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The Palms Apts Sell for $7.6M

Ball Anaheim Apts Sells 40 Units in Anaheim
December 8, 2017
A private investor acquired the 40-unit The Palms Apartments at 1724-1736 W. Ball Rd. in Anaheim, CA from Wilshire Unlimited PM LLC for $7.63 million, or about $191,000 per unit.

Built in 1959, the two-story, 40-unit, market-rent multifamily property is located in South Anaheim Multifamily submarket. Amenities include balconies and storage units. The property was 87 percent occupied at the time of sale.

Daniel Blackwell and George Felix of CBRE represented the seller. Grady Liu with MarcoReal Investment Group represented the buyer in the sale.

Please refer to CoStar COMPS #4038126 for further information regarding this transaction.
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