New York Based Investor Acquires Country Orchard Estates in Yucaipa
84 Unit Apartment Property Trades for $15 Million
The 84,000-square-foot Country Orchard Estates sits on 7.1 acres in Yucaipa, Calif. (CoStar)
By Luis Armendariz
January 30, 2020 | 04:10 P.M.
Dalan Management, a New-York based real estate investment and management firm, purchased the Country Orchard Estates apartments at 12175 13th St. in Yucaipa, California, from a private investor for $15 million, or about $179,000 per unit.
The 84-unit multifamily community consists of 21 two-story building with four 1,000-square-foot, two-bedroom homes. There is one multi-purpose building that is used as an office and various community amenity functions, in addition to a community pool and on-site parking.
John Stephens of Marcus & Millichap represented the seller