California

OCEANSIDE, CALIF. — CBRE has arranged the sale of a 25-unit community located at 2326 Greenbrier Drive in Oceanside, approximately 40 miles north of San Diego. The asset traded hands for $8.6 million in a 1031 exchange. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the buyer, a repeat client based in San Diego County, in the transaction. The seller was based in South Orange County. The five-building complex totals 19,278 square feet on a 1.2-acre lot. The property was built in 1980 and remodeled in 2019. The …

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. …

WESTMINSTER, CALIF. — CBRE has arranged the sale of La Pat Courtyard Apartments, a 30-unit community in Westminster. The community was purchased by a private investor for $10 million in a 1031 exchange. Dan Blackwell and Andrew Boukather of CBRE represented the Los Angeles-based seller in the transaction. Additionally, Blackwell and Boukather, along with Amanda Fielder, represented the Orange County-based buyer. La Pat Courtyard Apartments is situated on a 0.9-acre lot between Westminster Boulevard and Humboldt Avenue. The property was originally built in 1961 and recently underwent $1.4 million in extensive interior and exterior …