Updated Sep 9, 2026
Po Chih Acquires Multifamily Property At 1429 Grove Avenue From Glenn Weissman For $9.18M
1429 Grove Avenue
$9,185,000
$345/SF
Building Size
26,624 SF
Asset Type
MultiFamily
Closing
Sep 4, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1429 Grove Avenue in Ontario. The sale was finalized at a price of $9,185,000, encompassing a total square footage of 26,624, resulting in a price per square foot of $344.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,185,000
- Address: 1429 Grove Avenue
- Market: Ontario
- Square Footage: 26,624
- Price Per Square Foot: $344
- Buyer: Po Chih
- Seller: Glenn Weissman
- Brokers: Nick Hayner & Sai Reddy - Maywood Property Group
The transaction was orchestrated by brokers Nick Hayner and Sai Reddy, representing Maywood Property Group, driving the deal between buyer Po Chih and seller Glenn Weissman.
Players
Ontario 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
1.73%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93