David Wang Acquires Multifamily Asset From Gertrude Burke In Alhambra For $4.8M

The asset involved in this transaction is a multifamily property located at 30-32, 34-36, and 100-102 N. 1st Street in the Alhambra market. The sale price for this property was $4,796,250, encompassing a total of 36 units. The property spans 13,875 square feet, yielding a price per unit of $133,229 and a price per square foot of $345.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,796,250
• Units: 36
• Square Footage: 13,875
• Price Per Unit: $133,229
• Price Per Square Foot: $345
• Buyer: David Wang
• Seller: Gertrude Burke
• Buyer's Representative: Eric Chen & Blake Torgerson - CBRE

In this transaction, David Wang acquired the property from Gertrude Burke, with Eric Chen and Blake Torgerson representing the buyer through their agency CBRE. This deal highlights the involvement of key individuals in facilitating the sale within the multifamily sector.