Positive Investments Acquires 81-Unit Multifamily Property In La Mesa For $12.5M

The senior affordable multifamily property located at 5035-49 Guava Avenue in La Mesa, California, comprises 81 units and was sold for $12.5 million, equating to approximately $154,321 per unit. The property is subject to perpetual affordability restrictions, ensuring its continued accessibility for senior residents.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Units: 81
• Price Per Unit: $154,321
• Buyer: Positive Investments
• Seller: Private Owner
• Market: La Mesa, CA
• Brokers: Christopher Zorbas, Robert Graeme Henderson & Austin Huffman - Marcus & Millichap

Marcus & Millichap facilitated the transaction by representing the seller and procuring the buyer. The acquisition by Positive Investments highlights their commitment to managing affordable housing options for seniors within the community.