CBRE Facilitates Sale of Edge Apartments in Anaheim, California

CBRE arranged the sale of the Edge Apartments, a 371-unit Class A multifamily community located at 1921 South Union Street in Anaheim, California. H&S Ventures, in partnership with Waterford Property Company, purchased the property. CBRE's Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas represented the seller in the transaction.

Located in Anaheim's Platinum Triangle, the Edge Apartments is a five-story multifamily community completed in 2019. The property features 371 apartment homes with an average unit size of 865 square feet and more than 31,000 square feet of indoor and outdoor amenity space. Community amenities include a rooftop terrace, resort-style pool and spa, fitness center, clubhouse, business center and outdoor gathering areas.

“The sale of Edge Apartments highlights the continued investor demand for high-quality multifamily assets in Orange County's most dynamic submarkets,” said Parsons, Executive Vice President at CBRE. “The property's strong performance, premier amenity package and location within the rapidly evolving Platinum Triangle positioned it as an attractive opportunity.”

Edge Apartments is situated in the heart of Anaheim's Platinum Triangle, an 820-acre master-planned district anchored by OCVibe, Angel Stadium, Honda Center and the Anaheim Regional Transportation Intermodal Center. The community benefits from direct access to Interstate 5 and State Routes 57 and 22. The area continues to attract significant investment, including several major mixed-use and entertainment developments that are reshaping the district into a premier live-work-play destination.

According to CBRE research, the Anaheim multifamily market continues to benefit from strong fundamentals driven by its proximity to major employment centers, regional transportation infrastructure and entertainment destinations. The Platinum Triangle specifically has maintained occupancy levels above 96% while approaching a period of supply stabilization following the delivery of current projects. Orange County has historically outperformed neighboring Southern California markets in rent growth, supported by limited housing supply and sustained renter demand.