Mariana Lee Acquires Multifamily Property In Corona For $1.05M With Seller's Rep Eric Chen & Blake Torgerson
SOLD
$1,050,000
California
See Similar DealsMultiFamily1,103 SF
Sold 11/26/2025
SOLD
Mariana Lee Acquires Multifamily Property In Corona For $1.05M With Seller's Rep Eric Chen & Blake Torgerson
311 East 8th Street
See Similar DealsMultiFamily1,103 SF
Sold 11/26/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$951
Total Square Footage:1,103 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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