A private and experience apartment owner in the Inland Empire has acquired a 33-unit apartment complex in Indio, the third fastest growing city in Southern California. The property traded hands for $3.9 million, and the seller traded into two single-tenant triple net lease assets.

Located at 45601 Monroe Street, the apartment complex totals 28,920 square feet and features two studios, a one-bedroom apartment and 30 two-bedroom units as well as a swimming pool.

Cray Carlson and Kevin Sin of CBRE represented the local buyer and the seller in the deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Inland Empire
Multifamily
Capital Markets