West Covina, CA
CBRE Facilitates Sale of Cambridge Apartments for $26.35 Million
September 15, 2025
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CBRE facilitated the $26.35 million sale of Cambridge Apartments, a 76-unit multifamily property located at 2601 East Valley Boulevard in West Covina, Calif. A multifamily investment group acquired the community.
CBRE’s Eric Chen and Justino Fa’aola represented the buyer in the transaction.
Situated on a 5.5-acre lot, the property offers a unit mix of one-bedroom and two-bedroom apartments.
"This sale underscores the demand for well-maintained multifamily assets in the West Covina market," said Chen, executive vice president at CBRE. "The buyer recognized the significant value proposition, including the property's prime location, recent upgrades, and the potential for future development."
Located near the 60 Freeway, the property offers easy access to Los Angeles, Orange County and the Inland Empire.
According to CBRE research, the Greater Los Angeles’ vacancy rate is at 4.2%, significantly lower than the national average, underscoring the robust demand for multifamily housing throughout the region.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.