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Investors Buy Huntington Beach Apartments

A private investor bought the Duke Apartment Homes at 7581 Warner Ave. in Huntington Beach, California, for nearly $5.68 million, or about $516,000 per unit, from the Gehr Group.

The three-story, 13,305-square-foot apartment complex was renovated in 2015 and consists of 11 two- and three-bedrooms apartments. Units feature window awnings, granite countertops, stainless steel appliances, kitchen fixtures, faux wood flooring, ceiling fans and mirrored closet doors. The property boasts renovated balconies and patios, on-site laundry facilities, access to public transit, private enclosed parking garage and street parking for guests.

Frank Dinari of Sperry Commercial represented the seller. Greg Bassirpou with Marcus & Millichap represented the buyer in the sale.

Please see CoStar COMPS #5659836 for more information on this transaction.