facebook
Traded Co logo
Submit
Daily limit: 0/10

CBRE Brokers Facilitate $7.05M Sale Of Multifamily Properties In Orange County

Property Image
SOLD
$7,049,000
Daniel (Dan) Blackwell
Amanda Fielder
+ 1

California

See Similar Deals
MultiFamily
Sold 07/01/2024
the dealplayerscompscontact
Property Image
SOLD

CBRE Brokers Facilitate $7.05M Sale Of Multifamily Properties In Orange County

322 Cypress Drive, 205 Ogle Street & 404 Avenida Granada

See Similar Deals
MultiFamily
Sold 07/01/2024
Daniel (Dan) Blackwell
Amanda Fielder
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The three multifamily triplex properties located at 322 Cypress Drive, 205 Ogle Street, and 404 Avenida Granada in Orange County were sold for a total of $7,049,000. The sale included a total of 9 units, resulting in an average price per unit of $783,222. CBRE facilitated this transaction within a swift 20-day period, marking record prices for the properties in Laguna Beach, Costa Mesa, and San Clemente.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,049,000
  • Address: 322 Cypress Drive, 205 Ogle Street & 404 Avenida Granada
  • Market: Laguna Beach, Costa Mesa & San Clemente
  • Units: 9
  • Price Per Unit: $783,222

The sale of these properties was orchestrated by a team of brokers from CBRE, including Amanda Fielder, Daniel Blackwell, Jack O’Connor, and Mike O’Neill. CBRE successfully represented both the buyers and sellers, culminating in a seamless transaction that underscored the firm's expertise in facilitating complex real estate deals.

Players

Daniel (Dan) Blackwell
61 deals$439.4M volume(949) 725-8655
BROKER

Mike O’Neill
CBRE
25 deals$160.8M volume
BROKER

Amanda Fielder
CBRE
15 deals$94.7M volume
BROKER

Jack O’Connor
CBRE
8 deals$53.4M volume(949) 648-1474
BROKER

Details

SOLD
IMAGE: 07/01/2024 ADDRESS: 322 Cypress Drive, 205 Ogle Street & 404 Avenida Granada MARKET: Laguna Beach, Costa Mesa & San Clemente ASSET TYPE: Multifamily BROKERS: Amanda Fielder, Daniel Blackwell, Jack O’Connor & Mike O’Neill - CBRE SALE PRICE: $7,049,000 UNITS: 9 ~ PPU: $783,222 NOTE: CBRE facilitated the sale of three multifamily triplex properties in Orange County for $7,049,000 to private buyers in 20 days. The properties in Laguna Beach, Costa Mesa, and San Clemente were sold for record prices, with CBRE representing both buyers and sellers in the transactions.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$375,946.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,043.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,415.86
Annual Debt Service$400,990.27