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CBRE Team Sells Santa Ana Property for the Fourth Time
CBRE arranged the sale of a newly renovated, nine-unit multifamily property located at 425 E. Wellington Ave. in Santa Ana to a local buyer for $3,105,000. The sale price represents $345,000 per unit and $590 per square foot, reportedly the highest price per square foot for a Santa Ana multifamily property and the highest per-unit price for a multifamily property in the city since April 2023.
EVP Dan Blackwell, senior associate George Felix and associate Amanda Fielder represented the repeat seller based in Tennessee. The buyer was based in Orange County.
“Our comprehensive marketing process generated multiple competitive offers and tours, and we closed escrow at 98% of the asking price for this turnkey asset ideally situated in the highly desirable French Park District,” said Blackwell.
This represents the fourth time the CBRE Multifamily SoCal team has sold this property. The team most recently sold it in December 2020 to the current sellers.
- ◦Sale/Acquisition




