Positive Investments Acquires Multifamily Portfolio In San Gabriel Valley For $68M

A multifamily property located at 4405 Rosemead Boulevard, 5123 Rosemead Boulevard, and 3815 Baldwin Avenue in San Gabriel Valley has been sold in a closed transaction. The property consists of 220 units with a total square footage of 363,144. The sale price for the property was $68,000,000, resulting in a per unit price of $309,000 and a price per square foot of $187.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $68,000,000
• Units: 220
• Price per Unit (PPU): $309,000
• Square Footage (SF): 363,144
• Price per Square Foot (PPSF): $187
• Market: San Gabriel Valley

The buyer of the property is Positive Investments, represented by Rao Yalamanchili. The seller is the Hunsaker Family. The transaction was facilitated by Warren Berzack of Lee & Associates.