Gilron Properties purchased the Melrose Garden Apartments at 18881 Mora Kai Lane in Huntington Beach, CA. The 42-unit, 46,062-square-foot apartment complex consists of 22 2-bedroom/2-bath and 20 3-bedroom/2-bath units. Amenities include garages, pool, patios and washer and dryers in each unit. Escrow closed for $5.6 million, or just over $133,000 per unit at an 8.32% cap rate. Richard Lee with R&L Properties Inc. represented Gilron Properties. Grant Hahn with Morgan-Skenderian Investment Real Estate Group negotiated on behalf of the seller, 18881 Mora Kai LLC.