Positive Investments Sells Multifamily Property In Compton For $11.5M To Mark Silber

The multifamily property located at 1501-1701 Kay St in Compton has been sold in a recent transaction. The property spans a total of 49,356 square feet and consists of 66 units. The sale price for this asset was $11,500,000, resulting in a price per square foot of $233. The buyer, Mark Silber, acquired the property from the seller, Positive Investments. The transaction had a capitalization rate of 5.10%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,500,000
• Square Footage: 49,356
• Price per Square Foot: $233
• Number of Units: 66
• Price per Unit: $174,242
• Capitalization Rate: 5.10%

The sale of this multifamily property was facilitated by brokers Jonathan Weir, Steve Bogoyevac, and Jessica Wright. They represented their respective clients and were instrumental in closing the deal successfully.