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160-Unit Complex Trades Hands for $7.6M

SAN BERNARDINO, CA-Located at1422 E. 9th St., the multifamily property is comprised of 25 buildings spread over seven acres. It was 90% occupied at the time of sale.

By Erin Cassin | Updated on March 16, 2003

SAN BERNARDINO, CA-In the latest sign of the increased interest in Inland Empire multifamily product, an apartment complex in San Bernardino has traded hands for $7.6 million.

Located at 1422 E. 9th St., the property consists of 25 buildings spread over seven acres. Comprised of 160 units, which range from 40 one-bedroom, one-bath, 72 two-bedroom, one-bath and 48 three-bedroom, two-bath units, it was 90% occupied at the time of sale. Built in 1985, the complex features a security gate, three separate laundry rooms, a pool and barbecue areas.

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