CBRE Sells Multifamily Property In Orange For $1.59M

The four-unit multifamily property located at 224 South Oak Street in Orange, California, was sold by CBRE for $1.59 million. This represents 99% of the list price. The property has undergone a full renovation and offers one- and two-bedroom units. It spans a total area of 3,441 square feet, with a price per square foot of $462. The property attracted significant investor interest in Orange County's highly competitive market. The gross monthly rent for the units is $9,500.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,590,000
• Units: 4
• Price Per Unit: $397,500
• Square Footage: 3,441
• Price Per Square Foot: $462
• Address: 224 South Oak Street, Orange, California
• Market: Orange County

Dan Blackwell, Sean Farag, and Amanda Fielder from CBRE were the brokers involved in the sale transaction. Their expertise and representation played a crucial role in securing the successful sale of the multifamily property.