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Private 1031 Exchange Investor Buys 12-Unit, $5.1MM Multifamily Property in Laguna Beach

October 10, 20243 Mins read523
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NEWPORT BEACH, Calif. – CBRE announced the sale of Laguna Terrace, a 12-unit multifamily property at 2200 S. Coast Highway in Laguna Beach, Calif., to a private investor. The property sold for $5.1 million, equating to $1,093 per square foot and $425,000 per unit. CBRE’s Executive Vice President Dan Blackwell, First Vice President Mike O’Neill, […]

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