CBRE recently facilitated 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 was the seller of this investment property.
EVP Eric Chen and VP Blake Torgerson represented the O’Neill Trust in this transaction with their expertise and active involvement throughout the process. According to Chen, “The buyer is a valued returning client who needed to acquire a property before year-end.” Thanks to their ability to purchase with all cash and close escrow within 21 days, everything went smoothly.
Situated in Riverside’s desirable Canyon Crest area on the prestigious Canyon Crest Country Club golf course built in 1975, this community offers two- and three-bedroom floorplans including five townhouse-style units boasting stunning golf course views.
This recent sale marks another successful deal for CBRE as they continue serving clients’ needs with their exceptional real estate services.
