California + Inland Empire + Apartments | April 28, 2023

San Dimas Apartments Fetch $5M

Marcus & Millichap has completed the sale of 144 & 150 E Baseline Rd., a 16-unit apartment property located in San Dimas. The asset sold for $4,825,000.

SVP Douglas McCauley and first VP David Covarrubias in Marcus & Millichap’s Inland Empire office marketed the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was also secured and represented by McCauley and Covarrubias.

The Baseline Apartments consisted of two parcels totaling 0.86 acres. The property was built in 1963 and 1989, with a mix of two and three-bedroom apartment units.

“This offering provided the buyer with an outstanding location and a high barrier to entry,” said McCauley.

Don’t miss Connect LA on May 3 at the Hotel Indigo. Connect in person with California CRE experts like Rising Realty Partners EVP Kayce Hawk.

Connect

Inside The Story

Marcus & Millichap's McCauley

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

Order Reprints