ORANGE, SANTA ANA AND SAN CLEMENTE, CALIF. — CBRE has brokered the sales of three fourplex apartment buildings in Orange County for a total $5.5 million. Dan Blackwell and Amanda Fielder represented the sellers and procured the buyers in all three transactions.
CBRE brokered the sale of 609 S. Cypress St. in Orange for $1.8 million. The buyer was a private investor based in Orange County. The seller was an out-of-state private investor. The property was built in 1966 and offers three two-bedroom units and one three-bedroom unit.
Blackwell and Fielder also represented the seller in the $1.7 million sale of a property at 405 Nobel Ave. in Santa Ana. The fourplex was built in 1969 and offers one-, two- and three-bedroom floor plans. Amenities include an on-site laundry facility and a balcony or patio for each unit. The community was recently renovated with new stairs, railings and exterior paint.
Finally, Blackwell and Fielder arranged an off-market transaction for a 1031 exchange buyer in the purchase of a property at 143 W. Canada in San Clemente. Both the buyer and seller were Orange County-based private investors. The asset traded hands for $2 million. The building rises two stories and offers two-bedroom floor plans, as well as a shared coin-operated laundry room.