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

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.