California

COSTA MESA, CALIF. — CBRE has arranged the $8.6 million sale of a 13-unit property at 553 and 555 Victoria St. in Costa Mesa, about 40 miles south of Los Angeles. CBRE’s Dan Blackwell, Mike O’Neill and Jack O’Connor represented the Costa Mesa-based private seller. The 1031 buyer is a private investor based in Huntington Beach, California. The property was on the market for the first time in approximately 47 years. Located on a 0.8-acre lot, the property contains 10 buildings with 13,712 square feet of rentable space. The unit …

ESCONDIDO, CALIF. — La Caze Development has sold Grandview Escondido, a 13,421-square-foot, 15-unit property located at 1316 E. Grand Avenue in Escondido, which is 30 miles north of San Diego. The sales price was $7.2 million, and the buyer was identified as a local high-net-worth individual, who was represented by Andy Brikho of Brik Home Loans. Newmark arranged the sale, with Senior Managing Director Erik Anderson and Associate Tanner Harris representing La Caze in the deal. Grandview Escondido was developed in 2023 and was fully occupied at the time of …

BALDWIN PARK, CALIF. — Big Dalton LLC has acquired a 24-unit property located at 3541-3545 Big Dalton Ave. in Baldwin Park, about 17 miles east of Los Angeles. HP Big Dalton sold the asset for $6.3 million. Eric Chen and Justino Fa’aola of CBRE represented the buyer and seller in the deal. The community features two-bedroom residences, with roughly 50 percent of units designated as single-story bungalows. Units feature quartz countertops, vinyl and carpeted flooring, wall-mounted AC units, select kitchen appliances, in-unit washer and dryer and private or shared patios.