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California  + Inland Empire  + Apartments  | 
CBRE Arranges Silver Star Purchase of Metro 3610 Apartments in Riverside

Silver Star Acquires 304-Unit Apartment Complex in Riverside

CBRE has announced the sale of Metro 3610, a 304-unit, value-add multifamily community in Riverside, CA. Silver Star Real Estate purchased the property for an undisclosed price. The property was built in 1984 and has a bevy of major retailers located nearby.

Metro 3610 has two swimming pools with a spa, tennis courts, clubhouse, fitness center and green areas with grilling stations and a playground. The two-bedroom units, some of which have been renovated, feature air conditioning, walk-in closets and washer-dryers.

“The renovated units account for approximately 10% of the total and have demonstrated potential for impressive income gains,” said CBRE’s Dean Zander who represented the undisclosed seller along with the firm’s Stewart Weston. “Silver Star plans to continue improving the balance of the units and make additional common area upgrades to better position the property.”

Photo Courtesy of The Foto Finisher

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Inside The Story

Silver Star Real EstateCBRE's Dean Zander

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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