SOLD
Grant Lin Acquires Riverside Multifamily For $5.5M From M. Ernest Ligon Jr
3801 Madison Street & 7469 Magnolia Avenue
MultiFamily
30,398 SF
30,398 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
30,398 sqft
The multifamily property located at 3801 Madison Street & 7469 Magnolia Avenue in Riverside has been sold for $5,500,000. The property spans a total of 30,398 square feet with 36 units, resulting in a price per square foot of $180.93. The buyer, Grant Lin, acquired the property from the seller, M. Ernest Ligon Jr. The transaction was facilitated by Eric Chen and Blake Torgerson of CBRE.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- Square Footage: 30,398
- Price per Square Foot: $180.93
- Number of Units: 36
- Price per Unit: $152,777
- Market: Riverside
Eric Chen from CBRE, along with Blake Torgerson, represented the buyer and seller in this transaction.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: @Eric_C_Chen & Blake Torgerson
DATE: 05/19/2020
ADDRESS: 3801 Madison Street & 7469 Magnolia Avenue
MARKET: Riverside
ASSET TYPE: Multifamily
PRICE: $5,500,000
SF: 30,398
PPSF: $180.93.93
UNITS: 36
PPU: $152,777
SELLER: M. Ernest Ligon, Jr.
BUYER: Grant Lin
BROKERS: Eric Chen @Eric_C_Chen, Blake Torgerson @BlakeTorg32 @CBREView on map
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Address3801 Madison Street & 7469 Magnolia Avenue
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