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Eric Chen and Team are the region’s premier investment sales teams, representing clients in transactions of multifamily properties and land for development in the Los Angeles County and Inland Empire regions.

Just Closed | 6 Units in Highland | One of the Highest Prices Sold | Fully Renovated 🌿6 Units Sold for Record-Breaking $...
07/27/2024

Just Closed | 6 Units in Highland | One of the Highest Prices Sold | Fully Renovated

🌿6 Units Sold for Record-Breaking $301/SF at Full List Price

🌿Achieved Highest Price per SF in Highland History

🌿Upgraded Property Situated on a ±8,667 SF Lot Built in 1950

🌿Price/Unit: $175,000 | Price/SF: $301

🌿Eric Chen, Blake Torgerson and Team Ran a Seamless Process During the Transaction

🌿Closed Escrow at 5.32% Cap Rate on Current Rents | 6.83% Cap Rate at Market Rents

🌿Excellent Unit Mix Featuring Studio, One, Two- and Three-Bedroom Floor Plans | Average Unit Size of 583 Square Feet

🌿Significant Potential for Rental Upside Potential – Opportunity for Approximately 19% Rental Growth to Achieve Market Rents

🌿Most Units Have Been Updated with Fresh Paint, New Fixtures & Flooring

🌿Property Features Include: On-Site Laundry, Courtyard, Well-Maintained Mature Landscaping, Surface Vehicle Parking and Ample Street Parking

🌿Unit Amenities Feature: Fully Equipped Kitchens with Appliances, Vinyl Plank Flooring, Ceiling Fans, Recessed Lighting, Private Yards or Patios, and Wall

Sale Price $1,050,000



Repost

Recently Closed | 9 Units in Huntington Park | ALL CASH & Non-Contingent upon Opening Escrow📌First Time Sold in 22 Years...
05/10/2024

Recently Closed | 9 Units in Huntington Park | ALL CASH & Non-Contingent upon Opening Escrow

📌First Time Sold in 22 Years
Successfully Represented Buyer & Seller

📌Extremely Dense Rental Market – 75.7% of Huntington Park’s Housing are Renter Occupied Units (Source: Census.Gov)

📌Strong Value-Add Component – Approximately 44% Upside in Current Rents

📌Excellent Unit Mix – 4, One-Bedroom/One-Bathroom, 5, Two-Bedroom/One-Bathroom Units Averaging 652 SF

📌Eric, Justino and Team Ran a Seamless Process During the Transaction

📌Closed Escrow at 5.37% CAP Rate & 11.67 GRM on Current Income | 7.65% CAP Rate & 9.11 GRM at Market Rents

📌Price Per Unit/SF: $196,111 | $300.99

📌Additional Value & Revenue Potential via On-Site Laundry and Future Garage Conversions (Buyer to verify)

📌Convenient & Centralized Location – Within Minutes to Major Freeway Access and Heavy Employment Hubs like DTLA & City of Commerce

📌Steps from Retail Corridor on Pacific Blvd – Access to Retailers like Walgreens, Harbor Freight Tools, Starbucks, In-N-Out, and Others

Sale Price $1,765,000

Congrats to buyer and seller on this transaction! Great work for facilitated the entire process for a smooth closing!

Just Listed: 10 Units | Hemet | Single Story, Huge Units, with Garages ***Investment Highlights***🌵Great Hemet LocationE...
05/10/2024

Just Listed: 10 Units | Hemet | Single Story, Huge Units, with Garages

***Investment Highlights***

🌵Great Hemet Location
Extremely Well-Maintained Property Featuring Two Single-Story Buildings on Two Separate Adjacent Parcels

🌵Attractive Unit Mix Featuring Huge One-Bedroom Units | Average Unit Size of 852 SF

🌵Excellent Unit Amenities Include: Individual Garages, Vaulted Ceilings in Select Units, Large Private Patios, Security Screen Doors, Kitchens with Oven Ranges & Dishwashers, Vinyl/Tile Flooring Throughout, Wall A/C & Heating Systems, Ceiling Vans, and more

🌵Property Amenities Include: Secure Gated Community, Lush Mature Landscaping, Garage Parking/Storage, and Off-Street Driveway Parking

🌵Opportunity for 25% Rental Upside to Achieve Market Rents

🌵Located Directly Across the Street from Hemet Stockfarm, a 36-Acre Residential Agricultural Development Featuring Concept Plans of Commercial, Townhomes/Lofts, Single Family Homes, and Community/Recreation Center

🌵Provides Convenient Access to Frequently Visited Locations: Hemet Valley Mall, Target, Winco, Sprouts, Starbucks and Variety of Other Shopping Centers, Restaurants, and Retailers within a Short Distance

Asking $2,200,000

Contact or for OM

Reposted Just Closed | 34 Units Riverside | Near Cal Baptist University | Six Individual Parcels Portfolio *** TRANSACT...
05/01/2024

Reposted Just Closed | 34 Units Riverside | Near Cal Baptist University | Six Individual Parcels Portfolio

*** TRANSACTION HIGHLIGHTS ***

Successfully Represented Buyer & Seller

✔️Prime Riverside Location, Just 1.5 Miles Away from the Cal State Baptist University

✔️Eric Chen, Kevin Sin, and Blake Torgerson’s Team Ran a Seamless Process During the Transaction

✔️After Generating Multiple Offers, Eric Chen and Team Identified a Qualified Buyer through a Long Term Established Relationship

✔️CBRE DSF Ryan Wilkinson Successfully Arranged Financing with Favorable Terms for the Borrower

✔️Price per Unit: $227,941 | Price per SF: $358.80

✔️Closed Escrow at 4.56% & 13.36 GRM on Current Rents | 5.93% Cap Rate & 10.82 GRM at Market Rents

✔️Value Add Opportunity with Approximately 24% Rental Upside Potential Through Interior and Exterior Renovations

✔️Attractive Unit Mix Featuring Studios, One- and Two-Bedroom Floor Plans | Average Unit Size of 626 Square Feet

✔️Riverside is a thriving Market with High Demand from Renters Near 91 and 60 Freeways and a Wealth of Amenities

Sale Price $7,750,000

Congrats to buyer and seller and all parties involved in this transaction. Special shout out to for client relationships and for assisting, & Ryan Wilkinson’s team for arranging financing. Thanks to for property management takeover. and for support.

Featured on 🌴SALEIMAGE: Eric Chen, Kevin Sin & Blake TorgersonDATE: 04/18/2024ADDRESS: 7429-7493 Potomac StreetMARKET: ...
05/01/2024

Featured on 🌴SALE
IMAGE: Eric Chen, Kevin Sin & Blake Torgerson
DATE: 04/18/2024
ADDRESS: 7429-7493 Potomac Street
MARKET: Riverside
ASSET TYPE: Multifamily

BROKERS: Eric Chen (), Kevin Sin () & Blake Torgerson () - CBRE ()

SALE PRICE: $7,750,000
UNITS: 34 ~ PPU: $227,941
SF: 21,600 ~ PPSF: $359

RePostedl• Just Listed: 7+1 Units | North El Monte | 34% Upside in Rents🔑Ideal Opportunity to Acquire 7+1 Units in the ...
04/27/2024

RePostedl• Just Listed: 7+1 Units | North El Monte | 34% Upside in Rents

🔑Ideal Opportunity to Acquire 7+1 Units in the city of El Monte

🔑Well-Kept Property Situated on a ±15,300 SF Lot

🔑Unique Unit Mix, Offering Studios, 1-Bedroom Units, and 2 & 3-Bedroom Single-Family Residences

🔑Potential for Rental Upside – Opportunity for Approximately 34% Rental Growth to Achieve Market Rents

🔑Property Features Include: On-Site Laundry, Private Patios/Yards or Porches, Well-Kept Mature Landscaping, Garage Parking or Storage and Ample Street Parking

🔑Unit Amenities Feature: Equipped Functional Kitchens, Carpeting, Vinyl Plank Wood Flooring, and Wall Air Conditioning and Heating*

🔑Select Units Have Been Updated with Fresh Paint, New Cabinetry, Fixtures & Flooring*

🔑Property is a Short Drive Away to Frequently Visited Retailers, such as: Sam’s Club, Norms, Ross, Denny’s, The Shops at Montebello, The Shops at Santa Anita and Plaza West Covina

🔑Nearby Landmarks Within 20-Miles Include: Huntington Library, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Irwindale Speedway, Arcadia Golf Course, and the Los Angeles County Arboretum

Asking $1,850,000
Contact for OM

Posted • Just Listed: 37 Units | Prime Pasadena | 5.17% Cap Rate | $2.8MM Spent on Renovations + ADUs INVESTMENT HIGHL...
04/27/2024

Posted • Just Listed: 37 Units | Prime Pasadena | 5.17% Cap Rate | $2.8MM Spent on Renovations + ADUs

INVESTMENT HIGHLIGHTS

🔑Excellent Pasadena Location, Just a Few Blocks from Colorado Boulevard, Old Town Pasadena and Pasadena Playhouse District

🔑7 New ADU Units Currently Under Construction; Approximately $800,000 Spent

🔑$2MM Spent on Interior and Exterior Renovations Completed in 2023

🔑±25,347 SF Well-Maintained Property Situated on a ±23,268 SF Lot

🔑Attractive Unit Mix Featuring One-Bed/One-Bathroom, Two-Bedroom/One-Bathroom, and Two-Bedroom/Two-Bathroom Units Floor Plans | Average Unit Size of 685 Square Feet

🔑Renovated Exteriors, Covered Parking, Additional Storage Space, Secure Gated Entry, Courtyard with String Lights, Outdoor Seating Area, and Lush Mature Landscaping

🔑Units Are Renovated with Stainless Steel Appliances, Gas Oven/Stove Combination with Stylish Range Hoods, Recessed Lighting, Wood Look Vinyl Plank Flooring, Washers and Dryers, Granite Countertops, New Modern Window Cellular Shades and feature Wall Air Conditioning/Heating and Mountain Views from Select Units

🔑Nearby Shopping Includes: Paseo Colorado, Old Town Pasadena, Apple Store, 24-Hour Fitness, Shops on Lake, Target, Vroman Bookstore, Urth Café, and Much More

🔑Potential for Rental Upside – Opportunity for Approximately 10% Rental Growth to Achieve Market Rents

🔑Ideally Located Within Southern California Offering Easy Access to the 210, 134, 110, 2, 710 and 5 Freeways Connecting to All of Los Angeles County, Ventura County and Beyond

🔑Convenient Access to Neighboring Cities Within the San Gabriel Valley and San Fernando Valley

Asking $14,800,000

Contact or myself for OM

and Just Listed: Ramona Oaks | 44-Units in Prime Riverside | Upside Potential | Assumable Financing 3.35%INVESTMENT ...
04/14/2024

and Just Listed: Ramona Oaks | 44-Units in Prime Riverside | Upside Potential | Assumable Financing 3.35%

INVESTMENT OPPORTUNITY

☀️Centrally Located 44 Unit Property in Prime Riverside

☀️±35,504 SF Building Situated on a Generously Sized ±78,844 SF Lot

☀️Assumable Financing Available at 3.35% Until 2027

☀️Significant Potential for Rental Upside – Opportunity for Approximately 39% Rental Growth to Achieve Market Rents

☀️Attractive Unit Mix Featuring One-Bedroom and Two-Bedroom Units — Average Unit Size of ±809 Square Feet

☀️Gated Community and Features Mature Lush Landscaping, Swimming Pool, Laundry Room, and Covered and Surface Parking

☀️Units Feature Kitchens with Electric Cooking Systems, Dishwashers, Plank Wood and Carpet Flooring, Ceiling Fans, Vertical Blinds, Private Patios and/or Balconies

☀️Central A/C System for the 2 Bedroom Units and Wall A/C for the 1 Beds

☀️All 44 Units Have New Windows, Screens, and Patio Doors

☀️8 Units (Units 36-44) Were Subject to a Fire in 2017 with the Previous Owner and All These Units were Completely Remodeled

☀️Five Buildings Have Brand New Roofs

☀️Property Offers Convenient Access to the 91 Freeway, the University of California Riverside, Downtown Riverside and Riverside Community College

Asking $10,550,000

Contact us for the OM

Repost • Just Listed | 3+1 Units in Prime Riverside INVESTMENT OPPORTUNITY⭐️Centrally Located 3+1 Unit Property in Prim...
04/10/2024

Repost • Just Listed | 3+1 Units in Prime Riverside

INVESTMENT OPPORTUNITY

⭐️Centrally Located 3+1 Unit Property in Prime Riverside

⭐️±2,764 SF Building Situated on a Generously Sized ±9,148 SF Lot

⭐️Attractive Unit Mix Featuring All Two-Bedroom, One-Bathroom Units with Average Unit Size of ±695 Square Feet

⭐️Property Features Mature Landscaping, Detached Storage Units, Surface and Ample Street Parking

⭐️Some Units Have Been Updated and Feature Kitchens with Appliances, Wall Air & Heating, Tile Flooring Throughout, Ceiling Fans, Security Screen Doors, Private Patios, Porches and Front and Back Yards*

⭐️Property Offers Convenient Access to Cal Baptist University, Tyler at Galleria Mall, La Sierra University, La Sierra Metrolink Train Station, Downtown Riverside and more

⭐️Significant Potential for Rental Upside – Opportunity for Approximately 25% Rental Growth to Achieve Market Rents

⭐️Ideally Located Within Southern California Offering Easy Access to the 91, 15, 215, and 60 Freeways Connecting to All of Orange County, San Bernardino County, Los Angeles County and Beyond

⭐️Convenient Access to Neighboring Cities: San Bernardino, Woodcrest, Corona, Norco, Moreno Valley, Jurupa Valley and Colton
*In Select Units

Asking $950,000

Just Listed | Fourplex in Los Angeles | Significant Upside PotentialContact and for more details. ✅Centrally Located ...
03/28/2024

Just Listed | Fourplex in Los Angeles | Significant Upside Potential

Contact and for more details.

✅Centrally Located Fourplex in the Lincoln Heights Area of Los Angeles

✅First Time on the Market in 40 Years
±4,114 SF Low-Maintenance Property Situated on a ±8,631 SF Lot

✅Attractive Unit Mix Featuring 1, One-Bed/One-Bathroom; 1, Two-Bedroom/One-Bathroom; 1, Three-Bedroom/One-Bathroom and 1, 3B/1B House — Average Unit Size of 1,029 Square Feet

✅Property Features Low-Maintenance Mature Landscaping, Surface and Ample Street Parking

✅Units are Spacious and Feature Kitchens with Appliances, Wall Air & Heating, Wall-to-Wall Carpeting, Vertical Blinds, Security Screen Doors, Window Guards and Private Patios or Porches

✅Property Offers Convenient Access to USC Keck School of Medicine, the Historic Lincoln Park Recreation Center and Metro Lincoln Heights Cypress Light Rail Station
Significant Potential for Rental Upside – Opportunity for Approximately 82% Rental Growth to Achieve Market Rents

✅Ideally Located Within Southern California Offering Easy Access to the 5, 110, and 10 Freeways Connecting to All of Los Angeles County, Ventura County and Beyond

✅Convenient Access to Neighboring Cities Echo Park, Monterey Park, Alhambra, Silver Lake, East Los Angeles and Highland Park

Address

Ontario, CA
91764

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