CBRE Sells Eight-Unit Laguna Beach Multifamily Property For $3.075M

A private Orange County-based investor has purchased an eight-unit multifamily community in Laguna Beach, California for $3.075 million. The property, located at 525 Catalina Street, offers stunning ocean views and has the potential for increased rental income through renovations. With a size of 3,388 square feet, the property sits on 0.14 acres in the desirable Laguna Beach market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,075,000
• Address: 525 Catalina Street
• Market: Laguna Beach
• ACRES: 0.14

The sale was facilitated by the CBRE brokerage team, represented by Dan Blackwell and Mike O’Neill. Their expertise and negotiation skills attracted multiple offers for the property. The transaction closed within an impressive time frame of 51 days from listing to close, indicating the level of interest and demand for this investment opportunity in the highly sought-after Laguna Beach market.