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

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.