Kidder Mathews Arranges $21.8M Sale of Two Apartment Properties in Riverside, California
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Kidder Mathews Arranges $21.8M Sale of Two Apartment Properties in Riverside California
Kidder Mathews has arranged the $21.8 million sale of two adjacent workforce housing properties totaling 113 units in Riverside, California. The transaction included University Gardens, a 25-unit property at 1480 Seventh Street, and Normandy Apartments, an 88-unit complex at 3681–3725 Cranford Avenue comprising two side-by-side, 44-unit buildings. Both properties feature swimming pools and were under […] The post Kidder Mathews Arranges $21.8M S…
Kidder Mathews Arranges $21.8M Sale of Two Apartment Properties in Riverside, California
RIVERSIDE, CALIF. — Kidder Mathews has brokered the sale of two adjacent workforce housing properties in Riverside. The 113-unit portfolio traded for $21.3 million, or $192,920 per unit and $244 per square foot. The transaction included University Gardens, a 25-unit property at 1480 Seventh St., and Normandy Apartments, an 88-unit complex at 3681-3725 Cranford Ave. with two side-by-side, 44-unit buildings. Both properties feature swimming pools.…
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