Glenn Bianchi Acquires Multifamily Property From David Cohen For $10.425M In Laguna Beach

This multifamily property, located at 222 Arch Street in the Laguna Beach market, was sold for $10,425,000. The transaction involved a total of 13 units, providing a price per unit of $801,923. The building spans a square footage of 12,300, resulting in a price per square foot of $847.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,425,000
• Units: 13
• Price Per Unit: $801,923
• Square Footage: 12,300
• Price Per Square Foot: $847
• Buyer: Glenn Bianchi
• Seller: David Cohen
• Brokers: Daniel Withers & Mark Bridge – Team Bridge Group

The transaction was facilitated by brokers Daniel Withers and Mark Bridge, who represent Team Bridge Group in this deal. The involvement of a professional brokerage highlights the complexities of the transaction in the multifamily real estate sector.