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Casa Monterrey Sells To Saratoga Capital

Casa Monterrey,

Saratoga Capital has bought Casa Monterrey in Huntington Beach for $60.2M, or $290k/unit.

The 208-unit apartment community at the corner of Warner Avenue and Edwards Street was owned by a local family for more than 40 years.

Casa Monterrey had undergone a more than $4.2M reno in the past nine years, GlobeSt reports.

Marcus & Millichap's Institutional Property Advisors division repped the seller and secured the buyer.

The apartment community was originally built in 1970. [GS]