Updated Sep 4, 2026
Nilufar Motlagh Purchases Multifamily Property In Redlands For $12.35M With Eric Chen & Blake Torgerson As Buyer’s Representatives
475 East Cypress Avenue
$12,350,000
$143/SF
Building Size
86,040 SF
Asset Type
MultiFamily
Closing
Aug 28, 2026
About this deal
AI
The property at 475 East Cypress Avenue is a multifamily asset located in the Redlands market. The transaction was concluded for a sale price of $12,350,000, encompassing 54 units with a total square footage of 86,040, resulting in a price per unit of $228,703 and a price per square foot of $143.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,350,000
- Units: 54
- Square Feet: 86,040
- Price Per Unit: $228,703
- Price Per Square Foot: $143
- Buyer: Nilufar Motlagh
- Seller: Sharon Fong
- Buyer’s Representative: Eric Chen & Blake Torgerson - CBRE
Eric Chen and Blake Torgerson represented the buyer, Nilufar Motlagh, in this transaction, while Sharon Fong acted as the seller. The representation by CBRE was a key aspect of facilitating the deal.
Redlands 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93