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311 East 8th Street

Mariana Lee Acquires Multifamily Property In Corona For $1.05M With Seller's Rep Eric Chen & Blake Torgerson
SOLDMultiFamily

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

Blake Torgerson

CBRE

Broker

$286.1M

vol

48 deals

Broker

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