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1031 Seller Divests Four-Plex Apartment Property
CBRE recently closed the sale of a four-unit multifamily property in Orange. The sale price of $1,590,000 represented 99% of the list price and equated to $462 per square foot.
EVP Dan Blackwell, VP Sean Farag and associate Amanda Fielder represented the Orange County-based 1031 exchange seller in the sale of the property located at 224 S. Oak St. in Orange.
“Our exclusive marketing process generated multiple competitive offers, reflecting the high demand for well-located multifamily properties in Orange County,” said Blackwell. “The negotiation process included the inclusion of two 30-day options to extend the transaction, accommodating the seller’s 1031 exchange requirement.”
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.
- ◦Sale/Acquisition




