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Ramona Oaks Apts Sold for $3.9M

44 Unit Multifamily Sale in 1031 Exchange
By Brian Cagayat
May 13, 2013 | 5:32 P.M.

Doug Wetton Investments sold the 44-unit apartment complex at 3401 Ramona Dr. in Riverside, CA to Preston Capital, Inc. for $3.85 million, or $87,500 per unit. This sale was the seller's downleg in a 1031 exchange.

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