Positive Investments Inc. Acquires Multifamily Property In Placentia For $44M

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.