An 18-unit apartment property in Fullerton recently sold for $8,500,000, according to Marcus & Millichap.
The complex at 2550 College Place got multiple offers, the brokerage said.
The property includes a mix of one- and two-bedroom floor plans with upgrades including vinyl and carpet flooring, quartz countertops, stainless steel appliances, new kitchen cabinetry and gated garage parking.
Small complex in Anaheim sells for $1.8M
An eight-unit apartment complex in Anaheim’s resort district sold Dec. 27 for $1.8 million.
The complex at 2113 S. Mallul Drive was sold by Orlando & Julita Cabalo to Dorm 1 Investments LLC, according to Morgan Skenderian Investment Real Estate Group.
The grant deed on the property shows the Cabalos bought the property in 1989 for $485,000.
Donated property sells for $6.8 million
An industrial building spanning 26,620 square feet in Anaheim sold early in December for $6,842,000, according to NAI Capital Commercial.
The brokerage said a charitable foundation sold the donated asset.
This multi-tenant building at 1441 N. Red Gum St. has 12 units leased to six tenants.
People on the move
Pat Swanson recently joined Stream Realty Partners in Irvine. The 22-year industry professional specializes in investment sales and multifamily transactions. Stream also hired Briana Cornell as its senior marketing manager, Michael Bouras as senior associate, and Aidan Jang as analyst.
Stewart Weston recently joined Matthews Real Estate Investment Services, working in the firm’s Orange County office as executive vice president. Formerly at CBRE and before that Institutional Property Advisors / Marcus and Millichap, he specializes in multifamily sales, land sales and advising on residential ground-up development.
Michael A. Rich is the new tax director at Wood Investments Companies, a real estate investment company in Newport Beach. As a certified public accountant he was president and CEO of Rich & Co. in Irvine, a full-service tax, accounting and business consulting firm. At Wood Investments, he will be responsible for managing and overseeing all tax-related activities for the company’s real estate properties.
Milestones
Irvine-based LPA Design Studios was named the recipient of the 2025 AIA Architecture Firm Award , the highest honor in the field. The firm won the award “for establishing itself a trailblazer in sustainable, high-performance architecture, blending a mission-driven ethos with innovative, interdisciplinary design practices,” according to AIA. Notably, the award recognized LPA for its energy-efficient projects, which averaged 74% less predicted energy use over the last 10 years.
The real estate roundup is compiled from news releases and written by Business Editor Samantha Gowen. Submit items and high-resolution photos via email to sgowen@scng.com . Please allow at least a week for publication. All items are subject to editing for clarity and length.
