Grant Lin Acquires Ontario Multifamily From Jesse P. Chen For $1.57M

The multifamily property located at 1542 8th Street in Ontario has been sold in a closed transaction. The property consists of 6 units with a total square footage of 5,392. The sale price for this transaction was $1,570,000, which amounts to approximately $291 per square foot. The asking price for the property was $1,800,000. The buyer of the property is Grant Lin, while the seller is Jesse P. Chen.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,570,000
• Units: 6
• Price per Unit: $261,667
• Square Footage: 5,392
• Price per Square Foot: $291

CBRE brokers Eric Chen and Blake Torgerson represented both parties in this sale transaction.