Matthews Completes $9.8 Million Sale of the Knott Townhouses in California

ORANGE COUNTY, CA­— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of a 28-unit multifamily community located at 7051 9th Street in Buena Park, California. Matthews™ Executive Vice President & Senior Director Mark Bridge represented the seller in the $9,800,000 transaction.

 

Built in 1972, The Knott Townhouses is a garden-style, townhome apartment community comprised of four buildings situated on approximately 0.41 acres. The property features a mix of 20 two-bedroom and eight three-bedroom units, along with garage and assigned parking, gated access, and on-site amenities.

 

The seller, a repeat Matthews™ client, brought the property to market following a partnership separation. Matthews™ secured a 1031 exchange buyer, supported by a 10-day due diligence period and a proven closing track record. Built-in extensions and timeline flexibility allowed both buyer and seller to complete their respective exchanges and close smoothly, with the buyer planning targeted renovations to enhance long-term cash flow.

 

“This was a highly competitive process that showcased the depth of demand for well-located multifamily in Orange County,” Bridge said. “By leveraging our platform and long-standing client relationships, we were able to create flexibility for both sides and deliver a smooth, successful closing.”

 

For more information, please contact Mark Bridge 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.