CBRE Arranges $7M Sale of Rialto Apartment Complex

A local private investor who owns several multifamily buildings in the Inland Empire, has purchased Jackson Apartments, a 41-unit asset in Rialto, CA. CBRE’s Cray A. Carlson represented the buyer, as well as the undisclosed seller, in the $6.8 million transaction.

“The property generated significant interest from both local and national investors and was sold within a month to an all-cash buyer, which reflects the growing demand for multifamily housing in the San Bernardino region,” said Carlson. “The Inland Empire multifamily market remains one of the strongest in California, with most properties selling quickly due to high buyer demand and low inventory.”

Constructed in 1971 and located at 205 W. Jackson Street, the property features a range of one-, two- and three-bedroom floor plans and is within walking distance of numerous eateries, specialty retail shops and public transit. Additionally, Jackson Apartments proximity to SR-210 provide easy access to regional employment hubs.

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