facebook
Traded Co logo
Submit
Daily limit: 0/10

Positive Investments Acquires Pomona Multifamily Property For $35.5M

Property Image
SOLD
$35,500,000

California

See Similar Deals
MultiFamily
Sold 10/20/2023
the dealplayerscompscontact
Property Image
SOLD

Positive Investments Acquires Pomona Multifamily Property For $35.5M

150 W. Foothill Blvd Pomona

See Similar Deals
MultiFamily
Sold 10/20/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Positive Investments
Positive Investments
BROKERAGE
Rao Yalamanchili
Positive Investments
Rao Yalamanchili
8 deals$152.2M volume
BUYER

Details

SOLD
IMAGE: Rao Yalamanchili DATE: 10/20/2023 ADDRESS: 150 West Foothill Boulevard MARKET: Pomona ASSET TYPE: Multifamily BUYER: Positive Investments - Rao Yalamanchili SALE PRICE: $35,500,000 UNITS: 138 ~ PPU: $257,246 NOTE: Positive Investments, purchased a Pomona multifamily property at 150 W. Foothill Blvd for $35.5 million, with 138 units at an average of $257,246 per unit.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,893,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$126,124.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$168,288.11
Annual Debt Service$2,019,457.34