SAN CLEMENTE, CALIF. — CBRE has brokered the sale of two properties in San Clemente for a combined sale price of $5.5 million. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the San Diego county-based seller and both buyers in the transactions.
In the first deal, a private buyer from San Clemente acquired a six-unit property located at 306 Cazador Lane. Constructed in 1951, the 3,535-square-foot building offers one-bedroom units with private back patio areas. Four units were recently remodeled with new kitchens, bathrooms, flooring and decorative paint. The asset traded hands for $2.8 million.
In the second transaction, a private buyer from Newport Beach purchased a community at 239 Avenida Pelayo in a 1031 exchange for $2.7 million. The property was built in 1965 on an 8,004-square-foot site. The two-story building houses six units across 6,211 square feet. Amenities include storage lockers and laundry facilities, as well as six carport spaces.