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Sale of Orange County Apartment Complex Shows Pandemic Shift in Rental Demand

Upgrades Planned at 1960s-Era Apartments in Costa Mesa, California
The Apex Apartments in Orange County, California, sold for $380,000 per unit. (CoStar)
The Apex Apartments in Orange County, California, sold for $380,000 per unit. (CoStar)

A local family trust paid $22.8 million for a 70-year-old apartment complex in Costa Mesa, California, and plans to expand it by adding more units and making other upgrades to tap demand.

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News | Sale of Orange County Apartment Complex Shows Pandemic Shift in Rental Demand