The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 14, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Riverside Res Comp Works Out to $150k/Unit


In a recent multifamily comp out of the Inland Empire, Corwin Apartments, a 19-unit asset in Riverside, traded for $2.85 mil ($150k/unit).

Built in 1964, the property is located at 5755-5780 Corwin Lane. It features one-bedroom/one-bathroom and two-bedroom/one-bathroom floor plans. The property is situated west of Van Buren Blvd and is within walking distance of Bryant Park, a high-traffic retail center and less than 10 minutes from Riverside Municipal Airport.

Cray Carlson and Tyler Provines of CBRE represented the buyer in the transaction. Blake Torgerson, Hunter Wetton and Kevin Sin repped the private seller.

“Despite the slowdown in multifamily sales in the face of higher interest rates, smaller privately owned properties throughout the Inland Empire continue to transact,” said Provines. “In this case, we secured an all-cash buyer who could close escrow in 10 days despite structural issues, meeting both the buyer's and sellers' investment needs.”

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