SOLDMultiFamily
Jazz Kochar Acquires Rialto Multifamily Asset For $940,000 From Kamlesh Italia With CBRE's Representation
412 West Ramona Drive
$940,000
$340/SF
Building Size
2,760 SF
Asset Type
MultiFamily
Closing
Jul 24, 2026
AI
The property asset involved in the transaction is a multifamily building located at 412 West Ramona Drive in Rialto. It encompasses 4 units with a total square footage of 2,760 and was sold for a total price of $940,000, resulting in a price per unit (PPU) of $235,000 and a price per square foot (PPSF) of $340.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $940,000
- Units: 4
- Square Footage: 2,760
- Price per Unit: $235,000
- Price per Square Foot: $340
- Buyer: Jazz Kochar
- Seller: Kamlesh Italia
- Seller's Representatives: Eric Chen, Blake Torgerson & Mikel Dominguez - CBRE
This deal involved key individuals, including the buyer Jazz Kochar and the seller Kamlesh Italia, with the transaction facilitated by the seller's representatives from CBRE: Eric Chen, Blake Torgerson, and Mikel Dominguez, who played a significant role in representing the seller throughout the process.
Players
Rialto 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
16.88%
Cash-on-Cash
-4.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93