Positive Investments Acquires Coachella's Orchard Villas Multifamily For $16.6M

Positive Investments, in collaboration with the Foundation for Affordable Housing, has acquired Orchard Villas, a 154-unit multifamily property located at 84500 52nd Avenue in Coachella. The property spans across 10 acres in the Coachella market. The sale price for this transaction was $16.6 million, with a per unit price of $107,792.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,600,000
• Address: 84500 52nd Avenue
• Market: Coachella
• Acres: 10

Positive Investments, led by Rao Yalamanchili along with the Foundation for Affordable Housing, executed this acquisition as part of their strategy to focus on multifamily properties in the Inland Empire. The deal was undertaken with the cooperation of seller Alden Torch Financial.