California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
San Bernardino MF Trades for $24M
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
Ridgeline Apartment Homes, a multifamily community located in San Bernardino, CA, has sold for $24.25 million. Beverly Hills, CA-based Crystal Asset Management, Inc. acquired the asset from Newport Beach, CA-based Arrimus Capital.
Ridgeline Apartment Homes is located at 1925 W. College Ave., affording convenient access to California State University, San Bernardino, numerous job and retail centers, as well as regional entertainment venues. The property features one- and two-bedroom floorplans with modern kitchens, in-unit washer and dryers, walk-in closets in every bedroom, vaulted ceilings and private balconies or patios with storage space.
Berkadia’s Shane Shafer, who led the team representing the seller says, “Ridgeline is a great example of a quality value-add property in the Inland Empire. We are seeing continued interest from investors for submarkets that offer great market fundamentals and opportunities that offer great returns.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
