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Huntington Beach Firm Sells Fontana Apartments

HUNTINGTON BEACH, CA-The seller, who originally paid $7.2 million for the 200-unit complex, has sold the property for $10.4 million. The Inland Empire has been named one of the top 10 tightest multifamily markets in the nation.

By Erin Cassin | Updated on July 04, 2001

HUNTINGTON BEACH, CA-A Huntington Beach-based real estate firm has sold a 200-unit multifamily complex in Fontana, as the Inland Empire’s apartment market has started to heat up.

The Citrus Gardens apartment complex has been acquired for $10.4 million. The seller, Ishino Real Estate, paid $7.2 million for the property when it purchased the complex two years ago. The site, which stands at 8600 Citrus Ave., was 98% occupied at the time of the sale.

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