Flowing Streams LLC Acquires Multifamily Property In Pomona For $9.9M

The North Garey Village Apartments in Pomona have been sold for $9.9 million. The 44-unit property, located at 3106 North Garey Avenue, features two-bedroom floorplans, single-car garages, on-site laundry, storage rooms, and select units with fireplaces. Constructed in 1963, the sale equates to a price per unit of $225,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,900,000
• Units: 44
• Address: 3106 North Garey Avenue
• Market: Pomona

Douglas McCauley and David Covarrubias of Marcus & Millichap's Inland Empire office played pivotal roles in this transaction. They represented the seller, Kot and Offenbecher Trust, and successfully secured the buyer, Flowing Streams LLC, accomplishing the closing within a swift 28 days. The property's sale was efficiently facilitated by these experienced brokers.