The 18-unit Yorktown Apartments in Huntington Beach sold recently for $7.4 million or $411,111 per unit.
It was the first time the property at 7701 Yorktown Ave. has been on the market in more than 30 years, according to CBRE, which represented the seller and the all-cash buyer from Newport Beach.
Completed in 1973 and 1974, the two-building complex includes one studio and 17 two-bedroom units in 15,903 square feet.
The property includes a courtyard, picnic area and private patios or balconies in certain units. Recent improvements, CBRE noted, include new exterior paint, garage roofs, stairs, upper-level walkways, and washers and dryers.
“For the buyer, this acquisition presented an opportunity to capitalize on the property’s all-electric buildings and the potential for rental upside in a desirable Huntington Beach location, less than 2 miles from the beach,” said Mike O’Neill, a senior vice president at CBRE.
Neither the buyer nor the seller were identified by CBRE.
Industrial building in Fullerton fetches $3.4M
An industrial property in Fullerton sold June 11 for $3,380,000, and the new owner has a plan to convert the building to a dental laboratory.
The property at 1041 S Placentia Ave. includes 9,982 square feet of industrial space.
Lee & Associates in Orange represented the buyer, who acquired the facility with plans to repurpose it.
Medical office in Orange sells for $1M
A medical office building in Orange sold June 12 for $1,025,000, according to Lee & Associates.
The property at 555 N. Tustin St. includes a 1,690-square-foot building on a 0.16-acre lot, originally built in 1956.
Lee & Associates represented the unidentified seller.
JLL’s new team to manage OCVibe
JLL Property Management’s new team, The Mixx, will be managing OCVibe when it’s completed in Anaheim.
The 100-acre mixed-use development is under construction next to Honda Center and will include 20 acres of parks and plazas, four parking garages, restaurants, the office building The Weave, and retail plazas around the arena.
JLL’s team will oversee operations, management and maintenance of OCVIBE’s commercial and common areas.
The brokerage noted that OC Sports and Entertainment, owned by the Samueli family, will continue to manage Honda Center and future entertainment venues at OCVIBE.
Henry Samueli, the billionaire owner of the Ducks, and his company are the primary investors in the the $4 billion development in Anaheim.
When completed, the complex in Anaheim’s Platinum Triangle will have four performance venues, 28 restaurants and six bars, two hotels, green space and around 2,000 apartments.
The first phase of construction was estimated to be complete in late 2026, with the entire complex finished by 2029.
Wimberly first woman tapped to industry exec board
Leah Wimberly, a principal at the woman-owned union drywall contractor Pacific Wall Systems based in Anaheim, recently was appointed to the executive board of the Western Wall and Ceiling Contractors Association.
She is the first woman in the association’s 124-year history to join the board.
“I look forward to working collaboratively with fellow members and labor partners to advance education, promote best practices, expand training and technology use, and ensure that office and field teams remain aligned in delivering top-tier projects — safely and efficiently,” Wimberly said.
She has spent her 17-year career at Pacific Wall Systems where she began as an estimator and project manager before becoming principal in 2022.
Wimberly’s father, Daryl Wimberly, served on the WWCCA Board of Directors and now is on its advisory board.
Formed in 2007, Pacific Wall Systems and its CEO Konny Knecht work from two manufacturing facilities serving California, Oregon, and Washington state.
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.