I
nvestors are actively seeking smaller multifamily properties in Orange County, with three recent transactions totaling $5.4 million within days of listing. Let's examine the details of these deals.

    A 60-year-old apartment building in Anaheim traded hands for $2.6 million. The property at 3509 West Del Monte Drive features a mix of one-, two- and three-bedroom units, as well as a central courtyard, private patios or balconies, and an on-site laundry facility. Both the buyer and seller utilized 1031 exchanges.

    In Santa Ana, two small apartment properties with 10 total units sold for $2.8 million in separate transactions. CBRE facilitated both sales, which were completed with all-cash buyers. The first property, a Covington-style fourplex at 3720 South Marine St., sold for $1.575 million or $393,750 per unit after just 13 days on the market. The second property, a six-unit building at 411-413 East Chestnut Ave., sold for $1.3 million or $208,333 per unit after 22 days.

    A new assisted-living senior community, The Seville, has opened in San Clemente, offering a range of care options from modest help to dementia-related care. The community features 87 units spread across a two-story complex and offers amenities such as a movie theater, fitness center, salon, and restaurant serving three daily meals.

    Mitch Pleis, former co-head of Real Estate at CalSTRS, has joined the advisory board of IHP Capital Partners in Newport Beach. NAIOP SoCal's Night at the Fights black-tie gala returns on October 10, featuring eight commercial real estate professionals competing in boxing matches and a silent auction benefiting local charities.