Shopoff Realty Investments has sold the apartment development phase of its Anaheim Packing District Area Project, a 5.47-acre property entitled for a 314-unit apartment development.
Located at 901 E. South Street in the City of Anaheim, Calif., the property was sold to Anton Development.
The property was purchased in a joint venture with Argosy Real Estate Partners.
Working closely with the City of Anaheim and following its Residential Opportunity Overlay Zone plan, Shopoff was able to entitle the property for a new mixed-use housing development including 314 rental apartment units and 232 attached and detached for-sale single-family homes. The homebuilder portion of the property, consisting of the 15-acre, for-sale single-family development portion
