Steve Chang Of Chang Investment Group Acquires Multifamily Portfolio In Alhambra For $12.775M

The transaction involves a multifamily property portfolio consisting of three assets located at 835 Chapel Avenue, 5821 Baldwin Avenue, and 11355 Lambert Avenue. The total sale price for the properties is $12,775,000, which accounts for 64 units across a total square footage of 40,253. The price per unit is $199,609, and the price per square foot is $317, situated within the markets of Alhambra, Temple City, and El Monte.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,775,000
• Units: 64
• Square Footage: 40,253
• Price Per Unit: $199,609
• Price Per Square Foot: $317
• Buyer's Representative: Steve Chang - Chang Investment Group

Steve Chang, representing the buyer, facilitated the acquisition of this off-market portfolio. The transaction was completed smoothly, with escrow closing in just 17 days. Congratulations were extended to both the buyer and the seller for their successful agreement.