Michael O'Neill II Acquires 7-Unit Multifamily Property In Riverside, CA For $2.2M

The multifamily property located at 1180 Central in Inland Empire, Riverside, CA has been sold in a recent transaction. The property consists of 7 units with a total square footage of 7,831. The asking price for the property was $2,495,000, and it was ultimately sold for $2,205,000, resulting in a price per unit of $315,000 and a price per square foot of $282.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,205,000
• Address: 1180 Central, Inland Empire, Riverside, CA
• Market: Inland Empire, Riverside, CA
• Buyer: Michael O'Neill II
• Seller: Lucine Kazanjian
• Buyer's Representative: Eric Chen & Blake Torgerson - CBRE
• Units: 7
• Price per unit: $315,000
• Total Square Footage: 7,831
• Price per square foot: $282

The transaction was facilitated by Michael O'Neill II as the buyer and Lucine Kazanjian as the seller. Eric Chen and Blake Torgerson from CBRE represented Michael O'Neill II in the deal. This transaction marks a successful sale of a multifamily property in Inland Empire, Riverside, CA.