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.
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