CBRE Brokers Eric Chen & Andy Yu Facilitate $2.56M Sale Of Ontario Multifamily Property

An multifamily property located at 565 W. D. Street in Ontario, California was recently sold for a price of $2,560,000 on 11/24/2020. The property consists of 14 units with an average price per unit of $182,857. The total square footage of the property is 10,246, with a price per square foot of $249.85. The capitalization rate for the property is 4.45% and the gross rent multiplier is 13.58.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,560,000
• Address: 565 W. D. Street
• Market: Ontario, California
• Units: 14
• Price Per Unit: $182,857
• Square Footage: 10,246
• Price Per Square Foot: $249.85
• Capitalization Rate: 4.45%
• Gross Rent Multiplier: 13.58

The sale was facilitated by brokers Eric Chen from CBRE. Eric Chen can be contacted via his Instagram handle @Eric_C_Chen and Andy Yu can be contacted via his Instagram handle @And23Yu.