Updated Dec 5, 2024
Positive Investments Inc. Acquires Multifamily Property In Placentia For $44M
1112 N Bradford Ave, Placentia, CA, USA
$44,000,000
$323/SF
Building Size
136,060 SF
Asset Type
MultiFamily
Closing
Aug 6, 2020
About this deal
AI
The multifamily property located at 1112 N. Bradford Ave. in Placentia has been sold for $44,000,000. The property, consisting of 176 units, was purchased by Positive Investments Inc. from Bradford Terrace Placentia Apartments LP. The transaction was facilitated by Rick Applebaum, Paul Espinosa, and Doug Rodermund of Morgan Skenderian Investment Real Estate Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $44,000,000
- Date: 08/06/2021
- Address: 1112 N. Bradford Ave.
- Market: Placentia
- Buyer: Positive Investments Inc.
- Seller: Bradford Terrace Placentia Apartments LP
- Brokers: Rick Applebaum, Paul Espinosa & Doug Rodermund - Morgan Skenderian Investment Real Estate Group
- Units: 176
- Price Per Unit: $250,000
The involvement of Rick Applebaum, Paul Espinosa, and Doug Rodermund from Morgan Skenderian Investment Real Estate Group played a crucial role in the successful completion of this transaction.
On the Map
$44,000,000
$323/SF
MultiFamily
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Placentia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93