facebook
Traded Co logo
Submit
Daily limit: 0/10

CBRE Facilitates $4.82M Sale Of Two Multifamily Properties In San Clemente

Property Image
SOLD
$4,820,000
Mike O’Neill
Daniel (Dan) Blackwell
Amanda Fielder
+ 1

California

See Similar Deals
MultiFamily
Sold 11/19/2024
the dealplayerscompscontact
Property Image
SOLD

CBRE Facilitates $4.82M Sale Of Two Multifamily Properties In San Clemente

114 Avenida Aragon & 244 West Escalones

See Similar Deals
MultiFamily
Sold 11/19/2024
Mike O’Neill
Daniel (Dan) Blackwell
Amanda Fielder
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The sale involved two multifamily properties located at 114 Avenida Aragon and 244-248 West Escalones in San Clemente. The combined sale price was $4,820,000, with the properties containing a total of 12 units, resulting in a price per unit of $401,667.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,820,000
  • Units: 12
  • Price Per Unit: $401,667
  • Broker Representation: Amanda Fielder, Daniel Blackwell, Jack O’Connor & Mike O’Neill - CBRE
  • Market: San Clemente
  • Date of Transaction: 11/19/2024

CBRE facilitated the transaction, which involved the sale to private investors. Each of the six-unit properties closed in less than 30 days, highlighting efficient deal execution and potential for further value creation through improvements and development.

Players

Daniel (Dan) Blackwell
CBRE
Daniel Blackwell
61 deals$439.4M volume(949) 725-8655
BROKER
Mike O’Neill
CBRE
Mike O’Neill
25 deals$160.8M volume
BROKER
Amanda Fielder
CBRE
Amanda Fielder
15 deals$94.7M volume
BROKER
Jack O’Connor
CBRE
Jack O’Connor
8 deals$53.4M volume(949) 648-1474
BROKER

Details

SOLD
IMAGE: Amanda Fielder, Daniel Blackwell, Jack O’Connor & Mike O’Neill DATE: 11/19/2024 ADDRESS: 114 Avenida Aragon & 244-248 West Escalones MARKET: San Clemente ASSET TYPE: Multifamily BROKERS: Amanda Fielder (@Amanda_Fielder_), Daniel Blackwell (@MultiFamilySocal), Jack O’Connor & Mike O’Neill (@Mike_ONeill11) - CBRE (@CBRE) SALE PRICE: $4,820,000 UNITS: 12 ~ PPU: $401,667 NOTE: CBRE facilitated the sale of two six-unit multifamily properties in San Clemente for a combined total of $4.82 million. The properties, located at 114 Avenida Aragon and 244-248 W. Escalones, were sold to private investors, with each transaction closing in less than 30 days and offering potential for further value creation through improvements and development.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$257,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,124.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,849.26
Annual Debt Service$274,191.11