Sunny Garden Apartments 2, LP Acquires Multifamily Property In La Puente For $17.9M

The sale of a multifamily property in La Puente has been completed at an impressive price of $17,900,000. The property, located at 13712 Sunkist Dr, boasts a total square footage of 67,259. With a price per square foot of $266.14, the transaction equates to a per-unit price of $186,458 for its 96 units. This sale involved the transfer of ownership from the seller, La Puente Gardens, to the buyer, Sunny Garden Apartments 2, LP. The deal was facilitated by brokers Joshua Ross and Eli Appel.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,900,000
• Address: 13712 Sunkist Dr
• Market: La Puente

This transaction involved senior and affordable housing, with an expiring regulatory agreement. The sale of the property signifies an important milestone in the real estate market of La Puente.