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Moreno Valley MF Trades in All-Cash Deal
CBRE completed the sale of a 15-unit multifamily property in Moreno Valley, CA for $2.15 million in an all-cash deal. Eric Chen and Blake Torgerson represented the buyer, an experienced local investor who owns several other buildings in Moreno Valley. The undisclosed seller, a private family trust, was represented by David Kelley with Berkshire Hathaway HomeServices.
The 12,960-square-foot property, located at 24668 Eucalyptus Ave., consists of all single-story two-bedroom, one-bathroom units. The complex features abundant parking, a secured front gate, an on-site laundry facility, and a large outdoor area.
“This was a great opportunity for the buyer to acquire an apartment community near several other properties they already own,” said Torgerson. “The complex is located in an area that is seeing significant job growth, with high rental demand, that will continue to see rent growth into the near future.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




