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Office property in Tustin sells for $5.75M

Private investor acquires Southern California redevelopment property
The new owner plans to renovate the property for medical offices. (CoStar)
The new owner plans to renovate the property for medical offices. (CoStar)
By Dusty McClure
CoStar Research
May 2, 2025 | 3:01 P.M.

Gwendolyn Carone sold the 23,500-square-foot office building at 201-261 S. Lakeview Ave. in Placentia, California, in Orange County, to 201 Lakeview LLC for $5.75 million, or $244.68 per square foot. The rate of capitalization was 7.30%.

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