Srinivas Yalamanchili Buys Multifamily Property In Central Ventura For $10.1M

The multifamily property located at 248 South Hemlock St. in Central Ventura has been sold in a closed transaction. The sale was completed on 02/08/2022, with a sale price of $10,100,000. The property consists of 35 units, with an average price per unit (PPU) of $288,571. The total square footage of the property is 29,862, with a price per square foot (PPSF) of $338.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $10,100,000
• Address: 248 South Hemlock St.
• Market: Central Ventura
• Units: 35
• PPU: $288,571
• Square Footage: 29,862
• PPSF: $338

Srinivas Yalamanchili purchased the property from Sam Lam. The deal was facilitated by brokers Daniel Withers, Dave Harrington, and John Boyett from Matthews Real Estate Investment Services.