Triqor Group is pleased to announce the recent closings of over $23 million worth of transactions within Orange and Los Angeles County. Vice President of Investments, Chris Walker, successfully represented both buyer and seller and negotiated appropriate measures of escrow for all transactions.
Sierra Apartments, sold at $6,350,000 , is a 25-unit property located in Westminster, CA consisting of majority 2-Bedroom units. Chris negotiated a long escrow with seller extensions in order to facilitate the buyer’s and seller’s needs and identified seller’s replacement property during downleg escrow. The property provides tenants with amenities such as ample parking, sparkling pool & laundry facility. In addition to being located in a highly attractive market, Sierra Apartments sold for over $250,000 per unit.
Temple Property, sold at $5,300,000, is a 18-unit property located in Long Beach, CA consisting of 1-Bedroom and 2-Bedroom units. The property generated multiple offers prior to close. With a long-term owner and great Bluffs Heights location, the property provides tenants with amenities such as a laundry facility & garage parking. Temple Property sold for just under $295,000 per unit.
Casa de Coronado Apartments, sold at $7,600,000, is a 24-unit property located in Long Beach, CA consisting of majority 2-Bedrooms. The property provides tenants with amenities such as subterranean parking, spacious living units, and balconies. With the property being an attractive value-add opportunity, Casa de Coronado sold off-market at over $316,000 per unit.
Cherry Avenue Property, sold at $3,965,000, is a 26-unit mixed-use building located in Long Beach, CA consisting of majority 1-Bedroom units and 9 Retail units. During the transaction, both buyer and seller were completing 1031 Exchanges. The property provides tenants with amenities such as secure gated entrance, laundry facility and attractive courtyard, while upgraded units include stainless steel appliances, granite counter tops, laminate wood flooring and high ceilings. As an attractive value-add opportunity, Cherry Avenue Property sold for approximately $152,500 per unit.
