Jesse Chen Acquires 8-Unit Multifamily Property In Fontana For $1.92M

A multifamily property located at 9281 Pepper Avenue in Fontana has been sold for a price of $1,920,000. The property consists of 8 units, with a price per unit (PPU) of $240,000. The total square footage of the property is 5,888, with a price per square foot (PPSF) of $326.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,920,000
• Units: 8
• PPU: $240,000
• Square Footage: 5,888
• PPSF: $326

Jesse Chen has acquired the property from Linda Jacobson-Goldsman. Eric Chen, representing CBRE, acted as the buyer's representative in the deal. Rick Applebaum, from Morgan Skenderian Investment Real Estate Group, served as the seller's representative.