NEWPORT BEACH, Calif. – CBRE announced the sale of two multifamily properties in Santa Ana, Calif., in separate transactions, representing both the buyers and sellers, all based in Orange County. The combined sales price was $2,825,000 for 10 units. Both sales were completed with all-cash buyers, showcasing the strong demand for investment opportunities in the area.
3720 South Marine Street
The property at 3720 South Marine Street in Santa Ana, a Covington-style fourplex, was sold for $1,575,000, equating to $393,750 per unit and $362 per square foot. The transaction was completed after just 13 days on the market, with a 40-day escrow and a 14-day due diligence period. CBRE’s Executive Vice President Dan Blackwell and Associate Amanda Fielder represented both the all-cash buyer and seller…