Triqor Group has announced the sale of Pacific Court Apartment Homes, a desirable 58-unit property in the city of Costa Mesa at 879-897 Center Street. Managing Partner, Chris Keramati represented both buyer and seller in the transaction. The property was sold to a private investor for $15,000,000. In addition to price, Chris negotiated a short due diligence and a quick close of escrow.
Pacific Court Apartment Homes offers a great unit mix with almost half consisting of large two-bedroom two-bathroom units. The property was a value-add purchase with over 20% upside in rents. Community amenities feature a laundry room, copper plumbing, and garage/carport parking.