The Lamplighter Sold for $20 Million.

By: Mary Vinal

Local investor A & M Properties acquired the 63-unit apartment building at 16102 Springdale St. in Huntington Beach, California, for $20 million, or about $317,000 per unit, from an individual owner from Westminster, California.

This sale marks the first time that The Lamplighter has traded since it was originally built in 1968.

The two-story, 48,355-square-foot multifamily property was renovated in 2017 and consists of singles, studios, one- and two-bedroom apartments. The community offers covered and assigned parking, on-site laundry facilities, gated bicycle storage, a swimming pool and private courtyards.

Tyler Leeson with Marcus & Millichap represented both the buyer and the seller in the sale.

 

source: https://product.costar.com/home/news/628128032?keywords=lamplighter%20apartments&tag=1024

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