Grant Lin Acquires Riverside Multifamily For $5.5M From M. Ernest Ligon Jr

The multifamily property located at 3801 Madison Street & 7469 Magnolia Avenue in Riverside has been sold for $5,500,000. The property spans a total of 30,398 square feet with 36 units, resulting in a price per square foot of $180.93. The buyer, Grant Lin, acquired the property from the seller, M. Ernest Ligon Jr. The transaction was facilitated by Eric Chen and Blake Torgerson of CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Square Footage: 30,398
• Price per Square Foot: $180.93
• Number of Units: 36
• Price per Unit: $152,777
• Market: Riverside

Eric Chen from CBRE, along with Blake Torgerson, represented the buyer and seller in this transaction.