Positive Investment Acquires Sylmar Multifamily For $29.4M With Braverman CRE

The multifamily property located at 12960 Dronfield Ave in Sylmar has been sold in a recent transaction. The sale was facilitated by Shaya Braverman and Brendan Brown from Braverman CRE. The deal took place on November 11, 2020, and Positive Investment acquired the property from 21 Alpha for a price of $29,400,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,400,000
• Address: 12960 Dronfield Ave
• Market: Sylmar

This sale involved a total of 200 units, with an average price per unit of $147,000. The property spans across 176,704 square feet, resulting in a price per square foot of $166.