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10310 Valley Boulevard

Srinivas Yalamanchili Acquires Multifamily Palm Garden Apartments In El Monte For $9.15M
SOLDMultiFamily

Srinivas Yalamanchili Acquires Multifamily Palm Garden Apartments In El Monte For $9.15M

10310 Valley Boulevard

$9,150,000

$286/SF

Building Size

31,961 SF

Asset Type

MultiFamily

Closing

Jun 12, 2026

AI

The asset involved in the transaction is a multifamily property located at 10310 Valley Boulevard in El Monte. The sale price was $9,150,000 for a community that comprises 91 units, offering a price per unit of $100,549. The total square footage of the property is 31,961, resulting in a price per square foot of $286.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,150,000
  • Units: 91
  • Price per Unit: $100,549
  • Square Footage: 31,961
  • Price per Square Foot: $286
  • Buyer: Srinivas Yalamanchili
  • Seller: Frank W Cornell
  • Buyer's Representative: Mark Reynolds - Ally Commercial Real Estate
  • Seller's Representatives: Cameron Greco & Rick Ramirez - Ally Commercial Real Estate

Ally Commercial Real Estate represented both the Buyer and Seller in the transaction of the Palm Garden Apartments. They executed a strategic off-market process, ensuring a smooth transition where Positive Investments will maintain the property's long-standing commitment to affordable senior housing. The community has a history dating back to the 1960s when it was initially developed as a motel before its conversion.

Players

Rick Ramirez

Ally Commercial Real Estate

Broker

$82.9M

vol

22 deals

Broker
Srinivas Yalamanchili

Srinivas Yalamanchili

Buyer

$98.2M

vol

12 deals

Buyer

El Monte MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.73%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93