Lam Tien Trinh Purchases Riverside Multifamily Asset From Hong Zhang For $3.3M

The transaction involved a multifamily property located at 3060 Panorama Road in the Riverside market. The asset was sold for $3,300,000, comprising 12 units with a price per unit of $275,000. The total square footage of the property is 14,529, resulting in a price per square foot of $227.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Units: 12
• Price Per Unit: $275,000
• Square Footage: 14,529
• Price Per Square Foot: $227
• Buyer: Lam Tien Trinh
• Seller: Hong Zhang
• Broker: Eric Chen, Kevin Sin & Blake Torgerson - CBRE

Eric Chen, Kevin Sin, and Blake Torgerson from CBRE represented the transaction, facilitating the process between buyer Lam Tien Trinh and seller Hong Zhang. This representation played a crucial role in the successful sale of the property.