Mariana Lee Acquires Multifamily Property In Corona For $1.05M With Seller's Rep Eric Chen & Blake Torgerson
311 East 8th Street
$1,050,000
$951/SF
Building Size
1,103 SF
Asset Type
MultiFamily
Closing
Nov 26, 2025
AI
The property asset involved in the transaction is a MultiFamily asset located at 311 E 8th Street & 723 Victoria Avenue in the Corona market. The sale price was $1,050,000 for a total of 3 units. The building encompasses a total square footage of 3,526, which results in a price per unit of $350,000 and a price per square foot of $298.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,050,000
- Units: 3
- Square Footage: 3,526
- Price Per Unit: $350,000
- Price Per Square Foot: $298
- Buyer: Mariana Lee
- Seller: Noga Peles
- Seller's Representative: Eric Chen & Blake Torgerson - CBRE
- Date of Transaction: 11/26/2025
This transaction has involved key individuals such as buyer Mariana Lee and seller Noga Peles. Representing the seller in this deal were Eric Chen and Blake Torgerson from CBRE, who handled the negotiations for this closed property transaction.
Players
Corona MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93