CBRE Brokers Sell Costa Mesa Multifamily Properties For $7.42M

The sale involved three multifamily properties located in Eastside Costa Mesa, Calif. The properties included six units at 2666 Orange Avenue, three units at 140 Albert Place, and four units at 122 Magnolia Street. These properties offered well-maintained units with features such as private yards, balconies, and in-unit laundry. The average price per unit for the transaction was $571,038, with a total sale price of $7,423,500 and per-unit prices ranging from $509,625 to $716,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,423,500
• Units: 13
• Average Price Per Unit: $571,038
• Market: Costa Mesa
• Address: 2666 Orange Avenue, 140 Albert Place & 122 Magnolia Street

Dan Blackwell and Mike O’Neill from CBRE were the brokers who facilitated the sale of the three multifamily properties in Eastside Costa Mesa. The properties appealed to private investors looking for well-maintained units in desirable locations, featuring amenities such as private yards and balconies. The transactions highlighted the expertise of CBRE in handling multifamily property sales in the Costa Mesa market.