CBRE Brokers Facilitate $5.55M Sale Of San Clemente Multifamily Properties

The multifamily properties located at 306 Cazador Lane and 239 Avenida Pelayo in San Clemente have been sold for a combined price of $5,545,000. These properties consist of 12 units with a total square footage of 9,746. The sale price per unit is $462,083, and the price per square foot is $569. Both properties offer value-add opportunities including potential for rent increases and additional units, and they are conveniently situated near the beach and local amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,545,000
• Units: 12
• Price Per Unit: $462,083
• Square Footage: 9,746
• Price Per Square Foot: $569
• Address: 306 Cazador Lane & 239 Avenida Pelayo
• Market: San Clemente
• Brokers: Amanda Fielder, Dan Blackwell & Mike O’Neill - CBRE

The sale of the properties was facilitated by CBRE, with both transactions managed by Dan Blackwell, Mike O’Neill, and Amanda Fielder. The properties not only offer investment potential with value-add opportunities but also benefit from their proximity to the beach and local amenities, making them attractive assets in the San Clemente market.