Multifamily Asset At 3401 Ramona Drive Sells For $10.15M By CBRE Brokers

The property asset involved in this transaction is a multifamily unit located at 3401 Ramona Drive in Riverside. The sale price for the property was $10,150,000. The asset comprises 44 units with a total square footage of 35,504, resulting in a price per unit of $230,681 and a price per square foot of $285.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,150,000
• Units: 44
• Square Footage: 35,504
• Price Per Unit: $230,681
• Price Per Square Foot: $285
• Date of Transaction: 09/13/2024
• Address: 3401 Ramona Drive
• Market: Riverside
• Brokers: Eric Chen, Kevin Sin & Blake Torgerson - CBRE

The key individuals involved in this transaction include Eric Chen, Kevin Sin, and Blake Torgerson, who represented the buyer and seller through their agency CBRE. Their participation was crucial in facilitating this multifamily property transaction.