CBRE Brokers Facilitate $5.75M Sale Of Costa Mesa Multifamily Property

The Ebtide is a 12-unit multifamily property located at 1993 Church Street in Costa Mesa. The property was sold for $5.75 million, representing $753 per square foot and over $479,000 per unit following a $1 million renovation.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,750,000
• Units: 12
• Price per Unit: $479,167
• Address: 1993 Church Street
• Market: Costa Mesa

CBBRE represented both the buyer and the seller in the deal. EVP Dan Blackwell, first VP Mike O’Neill, and associate Jack O’Connor from CBRE facilitated the transaction, achieving a 26-day escrow and securing city-approved ADU permits for the property. The Ebtide property is nestled in the vibrant Eastside Costa Mesa area, situated between Huntington Beach and Newport Beach in Orange County.