If you've ever driven by the 851 Corporate Center Drive building off the 57 & 10 freeway interchange, you may have wondered: Who lives there? Turns out, it just became part of Los Angeles County’s most expensive student housing sale in a decade.
Cal Poly Pomona has officially purchased “The Current” — a luxury 636-bed apartment complex — for a whopping $126 million, or about $198,000 per bed. Previously owned and developed by Gilbane Development, the property includes high-end amenities like a pool, fitness center, lounges, and private study rooms.
🧭 Why This Matters for Local Real Estate
While this sale may seem distant from your average homeowner in San Dimas, Glendora, La Verne, or Covina, it actually says a lot about current trends:
✅ Demand is growing — even in higher interest rate environments
✅ Institutions are investing heavily in long-term housing strategies
✅ Location is king — proximity to freeways, universities, and amenities continues to drive high valuations
🏠 How This Impacts San Dimas Sellers
Student housing isn’t the only segment seeing big movement. With tight inventory, steady buyer demand, and economic shifts at the federal level, smart homeowners are watching the market closely. Some are listing to capture peak equity before any fall season slowdowns.
If you live near Cal Poly Pomona, University of La Verne, or even Citrus College, your property's location may hold added value—especially for investors or multi-generational buyers looking to live close to education hubs.
🔎 Your Home May Be Worth More Than You Think
If institutions are making $100M+ moves in this market, there’s a good chance your home is gaining value too.
As a San Dimas real estate expert with 22+ years of experience and $100M+ in closed sales, I specialize in helping local homeowners navigate the market — especially in probate, trust, and equity-driven sales.
🗝️ Curious What Your Home Is Worth in Today’s Market?
Let’s talk — I’ll run the numbers and show you how your home stacks up against this shifting market.
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