Positive Investments Acquires Multifamily Property In Temple City For $14.4M

An multifamily property located at 5421, 5565-5607 Santa Anita Ave. in Temple City has been sold for a price of $14,425,000. The transaction took place on 04/15/2021. The property consists of 55 units, with an average price per unit of $262,272. The total square footage of the property is 37,920, with a price per square foot of $380. The seller of the property was the Kornreich 1981 Trust, while the buyer was Positive Investments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,425,000
• Address: 5421, 5565-5607 Santa Anita Ave., Temple City
• Market: Temple City
• Units: 55
• PPU: $262,272
• SF: 37,920
• PPSF: $380

Michael Koshet from an undisclosed agency represented the buyer, Positive Investments, in this transaction.