CBRE Arranges $3.2 Million Sale of Six-Unit Property in Costa Mesa, California

by Channing Hamilton

COSTA MESA, CALIF. — CBRE has arranged the sale of a six-unit property located at 2666 Orange Ave. in the Eastside neighborhood of Costa Mesa. The asset traded hands for $3.2 million. The community was built in phases in 1954, 1956 and 1965.

The property comprises five buildings totaling 4,500 square feet on a 0.4-acre lot. The unit mix includes three detached two-bedroom bungalows, a pair of two-bedroom duplex units and one single-family detached residence.

Dan Blackwell and Mike O’Neill represented both the buyer and the seller in the transaction. The buyer was a private investor from Newport Beach. The seller was also a private investor and is headquartered in Los Angeles County.

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