BAG Investments, Inc Acquires 45-Unit Multifamily Property In El Monte For $10.8M

Riverstone Apartment Homes at 3939 Maxson, El Monte, has closed for $10,825,000. The 45-unit multifamily property was sold to BAG Investments, Inc, a long-term holder with plans to renovate the property. The transaction was facilitated by brokers David Leibowitz and Sev Amranyan from a yet undisclosed agency. David Leibowitz and Sev Amranyan represented both the buyer and the seller.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,825,000
• Address: 3939 Maxson, El Monte
• Market: El Monte

This successful sale involved key individuals and companies in the industry, including buyers BAG Investments, Inc and sellers 3939 Maxson. Brokers David Leibowitz and Sev Amranyan skillfully represented both parties in the transaction. The property spans 40,183 square feet at an average price per square foot of $269.39. It comprises 45 units and was sold at a price per unit of $240,000.