Northmarq’s Peter Hauser represents Srinivas Yalamanchili in the Sale of $12.37M Multifamily Property in Azusa

The asset involved in this transaction is a MultiFamily property located at 1285 San Gabriel Avenue in Azusa. The property was sold for a total price of $12,375,000.00 and comprises 56 units with a total square footage of 45,400.0.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $12,375,000.00
• Address: 1285 San Gabriel Avenue
• Market: Azusa
• Units: 56
• Square Footage: 45,400.0
• Buyer: Srinivas Yalamanchili
• Seller: Arnie Richter

Srinivas Yalamanchili acted as the buyer in this transaction, while Arnie Richter represented the seller. This transaction marks another successful closure in the property market, highlighting the ongoing activity within the real estate sector.