Doug Wetton Investments sold the 44-unit apartment complex at 3401 Ramona Dr. in Riverside, CA to Preston Capital, Inc. for $3.85 million, or $87,500 per unit. This sale was the seller's downleg in a 1031 exchange. Built in 1964, the property totals 33,922 square feet on 1.8 acres at the northwest corner of Olivewood Ave. and Ramona Dr. The multifamily community consists of 20 one-bedroom and 24 two-bedroom units in five buildings. Cray Carlson...
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235?ref=/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235?ref=/News/Article/Ramona-Oaks-Apts-Sold-for-$39M/148235&src=rss
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