CBRE announced the sale of a 14-unit multifamily property at 2512-2518 England Street in Huntington Beach, California in an off-market transaction for $8.75 million.
CBRE’s Dan Blackwell and Mike O’Neill represented both the buyer, a 1031 exchange investor based in Orange County, and the seller, a Fountain Valley-based repeat client of CBRE. The seller had previously completed multiple multifamily transactions with CBRE, including purchasing 12 units on Solana Way in Laguna Beach, California, and 18 units on 16th Street in Huntington Beach.
“The Huntington Beach market remains highly competitive, and this transaction underscores the continued demand for well-located, renovated multifamily assets,” said Blackwell, executive vice president at CBRE. “The per-unit sale price of $625,000 set a new benchmark in the city, reflecting the strong investor appetite for premium properties in desirable coastal locations.”
The 14,518-square-foot property, built in 1977 and extensively renovated in 2022, features a mix of one-, two- and three-bedroom units, with the majority being townhome-style residences. Over $1 million was invested in capital improvements, ensuring modernized interiors and enhanced amenities. The England Street property sits on a 0.43-acre parcel.
“This transaction was a seamless process, with CBRE assisting the buyer not only in securing the property but also in obtaining financing, insurance, and a property management solution,” said O’Neill, senior vice president of CBRE. “The combination of strong location fundamentals, recent renovations, and a Walk Score of 86—indicating easy access to Seacliff Village Center and other amenities—made this an attractive long-term investment.”
The sale achieved a price of $603 per square foot and a current cap rate of 4.62%. According to O’Neill, the transaction marks CBRE’s fifth multifamily closing in Huntington Beach within the past 12 months, reinforcing the firm’s expertise in executing high-value transactions in the coastal Orange County market.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
