Updated Sep 25, 2026
Jenny Lin Acquires Multifamily Property At 521-605 North Grove Avenue For $5.65M
521-605 N Grove Ave, Ontario, Ca 91764
$5,650,000
$321/SF
Building Size
17,600 SF
Asset Type
MultiFamily
Closing
Sep 25, 2026
About this deal
AI
The transaction involved the sale of a multifamily asset located at 521-605 North Grove Avenue in Ontario. The property was sold for $5,650,000, covering an area of 17,600 square feet, which equates to a price per square foot of $321.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,650,000
- Address: 521-605 North Grove Avenue
- Market: Ontario
- Square Footage: 17,600
- Price Per Square Foot: $321
- Buyer: Jenny Lin
- Seller: Srinivas Yalamanchili
- Broker Representatives: Nick Hayner & Sai Reddy - Maywood Property Group
This off-market transaction was notably represented by Nick Hayner and Sai Reddy of Maywood Property Group, who assisted both the seller and the buyer in the sale of 521-605 North Grove Avenue.
On the Map
$5,650,000
$321/SF
MultiFamily
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Players
Ontario 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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93