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INLAND EMPIRE NEWS
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Inland Empire Apartment Property Sells for $192k/Unit

4/15/21

In a recent Inland empire res trade, a 34-unit property in Menifee sold for $6.55 mil, or $192.6k/unit. Constructed in 1992, the property is ona a 2.82-acre lot at 28378 Encanto Dr.

The property’s unit mix is comprised of all two-bedroom, two-bathroom units in townhouse and single-story floorplans. Each unit features an attached two-car garage as well as central air conditioning and washer-dryer hookups. The property is less than a mile from I-215, a major freeway that connects Menifee to the rest of Southern California.

Eric Chen and Blake Torgerson of CBRE represented the seller, a private investor who originally developed the property, in the transaction. CBRE’s Ryan Wilkinson facilitated the financing for the buyer, who owns multiple properties within the San Gabriel Valley.





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