The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



INLAND EMPIRE NEWS
Printer-friendly Version   Email an Associate
Inland Empire Multifamily Portfolio Trades in Multiple Deals Totaling $14.4 Mil

9/09/21

A seven-property multifamily portfolio in the Inland Empire was sold in separate transactions totaling $14.4 mil. The properties, located in Ontario, Riverside, Calimesa, Lake Elsinore, Colton and Mentone, total 80 units. All of the buyers were local private investors who purchased in the Inland Empire in part because they were attracted by the substantial rent growth in the region.

580 W. E Street, Colton
580 W. E Street, Colton
The transactions include:

• Eight-unit property at 863-905 N. Vineyard Ave, Ontario, sold for $2.3 mil ($287.5k/unit).

• Nine-unit property at 4640 Olivewood Ave, Riverside, sold for $1.3 mil ($144.4k/unit).

• Twelve-unit property at 213-217 W. County Line Rd, Calimesa, sold for $2.19 mil ($182.5k/unit).

• Eight-unit property located at 138 E. Graham Ave, Lake Elsinore, sold for $1.83 mil ($228.8k/unit).

• 22-unit property at 580 W. E St, Colton, sold for $3.19 mil ($145k/unit).

• Ten-unit portfolio at 1354-1356 Jasper Ave, Mentone, sold for $1.68 mil ($168k/unit).

• Eleven-unit property at 1358 Jasper Ave, Mentone, sold for $1.88 mil ($170.9k/unit).

CBRE’s Eric Chen and Blake Torgerson helped facilitate all seven transactions. CBRE’s Melinda Russell helped Chen and Torgerson in facilitating the Colton transaction.

“The Inland Empire has been one of the fastest-growing regions in the nation in terms of rent growth,” said Chen. “This has created huge investor interest. The outlook for multifamily in the region is likely to be strong for years to come.”





Return to the Archive page


 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media