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412 West Ramona Drive

Jazz Kochar Acquires Rialto Multifamily Asset For $940,000 From Kamlesh Italia With CBRE's Representation
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:

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

Blake Torgerson

CBRE

Broker

$288.2M

vol

50 deals

Broker

Jazz Kochar

Buyer

$940K

vol

1 deal

Buyer

Kamlesh Italia

Seller

$940K

vol

1 deal

Seller

Rialto MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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