Updated Dec 5, 2024
Positive Investments Acquires Pomona Multifamily Property For $35.5M
150 W. Foothill Blvd Pomona
$35,500,000
Units
138
Asset Type
MultiFamily
Closing
Oct 20, 2023
About this deal
AI
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.
On the Map
$35,500,000
MultiFamily
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Players
Pomona 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93