Private investor Rebecca Garcia has paid $927,000 to Todd Daley for the 20-unit complex. Located at 17802 Quantico, the property dates back to 1985. Amenities include garages, a swimming pool and a laundry room.
Alexander Garcia and Bill Melton of the Ontario office of Marcus & Millichap Real Estate Investment Brokerage Co. brokered the transaction.
As the Apple Valley deal illustrates, real estate investors are beginning to flock to the Inland Empire for apartment product, as it is probably the fastest growing market in all of Southern California. "It's going crazy," Melton tells GlobeSt.com. "Rents are on the rise and prices are going up."
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