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Ohio Street Apts. Snags $4.15M

Anaheim Complex Sells for $173K Per Unit
By Frederick Ankenman
September 10, 2008 | 1:59 P.M.

The Ohio Street Apartments in Anaheim, CA sold for $4.15 million, or about $173,000 per unit in a transaction between two private parties. The 24-unit, 18,556-square-foot apartment complex at 203 South Ohio St. was delivered in 1985 in the Disneyland Area submarket. The complex was 97.5% occupied at the time of sale with a 5.4% cap rate. Jay Skenderian of Morgan-Skenderian Investment Real Estate Group represented the seller, while Ken Morgan, also of Morgan-Skenderian, represented the buyer. Please refer to CoStar COMPS #1573131 for additional information.

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