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California  + Inland Empire  + Apartments  | 

Riverside Apartments with Golf Course Views Sell to Family Trust 

CBRE arranged the sale of 1180 Central Ave., a seven-unit multifamily property in Riverside, to the Michael J. O’Neill and Jean A. O’Neill Trust for $2.21 million, or $315,000 per unit. The Kazanjian Exemption Trust sold the investment property. 

EVP Eric Chen and VP Blake Torgerson of CBRE represented the O’Neill Trust. “The buyer of this property is a repeat client and needed to purchase a property by the end of the year,” said Chen. “Because the buyer could purchase the property in all cash and closed escrow within 21 days, the process was seamless.” 

Located in the Canyon Crest area of Riverside, the community was built in 1975 on the Canyon Crest Country Club golf course. The property offers two- and three-bedroom floorplans, five of which are town-house style with golf course views. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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