ORANGE COUNTY, CA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of a 20-unit multifamily community located at 950 North Walnut Street in La Habra, California. Matthews™ Executive Vice President & Senior Director Mark Bridge and Associate Nick Solomon represented the buyer in the $5,850,000 transaction, which marked the largest size sale for a multifamily property in the La Habra submarket within the last year.

 

Villa Monaco Apartments presented a compelling investment opportunity due to its generous floor plans and durable fundamentals. Built in 1968, the property features a desirable unit mix consisting of two- and three-bedroom units averaging over 1,000 square feet, which is a rare find in the local submarket.

 

The buyer, a private investor, was drawn to the asset as an acquisition-rehab opportunity, identifying significant value-add potential and rental upside in a highly desirable North Orange County location. To facilitate the acquisition, the Matthews™ agents successfully negotiated a long escrow period, providing the buyer with the necessary timeframe to secure the capital required for the purchase.

 

“This transaction highlights the continued demand for well-located multifamily assets with strong fundamentals and clear upside potential,” said Mark Bridge, Executive Vice President & Senior Director at Matthews™. “Villa Monaco’s unit mix and average unit size made it a compelling acquisition opportunity in a submarket where comparable inventory is limited.”

 

For more information, please contact Mark Bridge and Nick Solomon or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.