Updated Oct 23, 2026
SOLDMultiFamily
Donald Kuemmeler And Michael Johnson Acquire 184-Unit Multifamily Community In Riverside For $65.3M
9170 Indiana Avenue
$65,300,000
Units
184
Asset Type
MultiFamily
Closing
May 29, 2026
About this deal
AI
The Hawthorne is a 184-unit multifamily community located at 9170 Indiana Avenue in Riverside, CA. The property was built in 2023 and features Class A garden-style units, including townhome-style units and resort amenities. The asset was acquired for $65,300,000, resulting in a price per unit of $354,891.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $65,300,000
- Units: 184
- Price Per Unit: $354,891
- Buyer: Donald Kuemmeler & Michael Johnson - PCCP; V. Jay Hiemenz - Alliance Residential Company
- Market: Riverside, CA
- Seller: Undisclosed
PCCP and Alliance Residential Company were involved in the acquisition, citing strong fundamentals and long-term demand in the Southern California submarket as key factors in their decision to purchase the property.
On the Map
$65,300,000
MultiFamily
View full map
Players
Attica MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit V. Jay Hiemenz to view all their deals.
Browse Attica multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93