Positive Investments Acquires Pomona Multifamily Property For $35.5M

Positive Investments, purchased a Pomona multifamily property at 150 West Foothill Boulevard for $35.5 million. The property consists of 138 units, resulting in an average price per unit of $257,246.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $35,500,000
• Units: 138
• Price Per Unit: $257,246
• Buyer: Positive Investments - Rao Yalamanchili

This acquisition by Positive Investments is a significant investment in the Pomona real estate market. The purchase of the multifamily property at 150 West Foothill Boulevard demonstrates their confidence in the area's potential for growth and profitability. The deal was closed on October 20, 2023.