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

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SOLD
$68,000,000

California

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MultiFamily363,144 SF
Sold 01/14/2022
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Property Image
SOLD

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

4405 Rosemead Boulevard, San Gabriel, California 91780, United States

See Similar Deals
MultiFamily363,144 SF
Sold 01/14/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:363,144 SF
Transaction Type:Sale

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.

Players

Warren Berzack
12 deals$148M volume
BROKER

Rao Yalamanchili
Positive Investments
8 deals$152.2M volume
BUYER

Details

SOLD
IMAGE: Warren Berzack DATE: 01/14/2022 ADDRESS: 4405 Rosemead Boulevard, 5123 Rosemead Boulevard & 3815 Baldwin Avenue MARKET: San Gabriel Valley ASSET TYPE: Multifamily BUYER: Positive Investments - Rao Yalamanchili SELLER: Hunsaker Family BROKER: Lee & Associates - Warren Berzack SALE PRICE: $68,000,000 UNITS: 220 ~ PPU: $309,000 SF: 363,144 ~ PPSF: $187

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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