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June 24, 2024
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Rialto Multifamily Trade Works Out to $166k/Unit


Jackson Apartments, a 41-unit multifamily property in Rialto, sold for $6.8 mil ($166k/unit). The property was purchased by a private investor who owns several multifamily buildings in the area.

Constructed in 1971, Jackson Apartments is conveniently located at 205-242 W. Jackson St on four separate parcels, near Interstates 215 and 210. The property features a range of one-, two-, and three-bedroom floor plans and is within walking distance of numerous eateries, specialty retail shops, and public transportation stations.

CBRE’s Cray A. Carlson represented both the buyer and seller in the transaction.

“The property generated significant interest from both local and national investors and was sold within a month to an all-cash buyer, which reflects the growing demand for multifamily housing in the San Bernardino region,” said Carlson. “The Inland Empire multifamily market remains one of the strongest in California, with most properties selling quickly due to high buyer demand and low inventory.”

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