Eloy Covarrubias Purchases Multifamily Property From Jeff Capen In Redlands For $1.15M

The asset involved in the transaction is a multifamily property located at 305 West Olive Avenue in Redlands. The sale was finalized for a total of $1,150,000, comprising 7 units. The total square footage of the property is 3,800, leading to a price per unit of $164,285 and a price per square foot of $302.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,150,000
• Units: 7
• Square Footage: 3,800
• Price Per Unit: $164,285
• Price Per Square Foot: $302
• Buyer: Eloy Covarrubias
• Seller: Jeff Capen
• Brokers: Eric Chen & Blake Torgerson & Kevin Sin - CBRE

The brokers representing the transaction, Eric Chen, Blake Torgerson, and Kevin Sin, are affiliated with CBRE, showcasing their expertise in facilitating this multifamily sale. Their involvement highlights the team dynamics and collaborative effort in executing the transaction successfully.