A local private investor who owns multiple multifamily buildings in the Inland Empire recently purchased Jackson Apartments, a 41-unit asset in Rialto, CA for $6.8 million. Representing both the buyer and seller was CBRE’s Cray A. Carlson who commented that “The property generated significant interest from both local and national investors and was sold within a month to an all-cash buyer, which reflects the growing demand for multifamily housing in the San Bernardino region.” He further added that “The Inland Empire multifamily market remains one of the strongest in California with most properties selling quickly due to high buyer demand and low inventory.”
Constructed back in 1971 at 205 W. Jackson Street, this property offers various floor plans including one-, two- and three-bedroom units while being close to numerous eateries, specialty retail shops as well as public transit options with easy access provided by SR 210 towards regional employment hubs nearby.
