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

Property Image
SOLD
$16,600,000

California

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MultiFamily
Sold 08/28/2023
the dealplayerscompscontact
Property Image
SOLD

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

84500 52nd Ave, Coachella, CA 92236, United States

See Similar Deals
MultiFamily
Sold 08/28/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Positive Investments
Positive Investments
BROKERAGE
Positive Investments
Positive Investments
BUYER
FH
Foundation for Affordable Housing
BUYER

Details

SOLD
IMAGE: Alan Fair DATE: 08/28/2023 ADDRESS: 84500 52nd Avenue MARKET: Coachella ASSET TYPE: Multifamily ~ ACRES: 10 BUYER: Positive Investments - Rao Yalamanchili; Foundation for Affordable Housing SELLER: Alden Torch Financial SALE PRICE: $16,600,000 UNITS: 154 ~ PPU: $107,792 NOTE: Positive Investments, in collaboration with the Foundation for Affordable Housing, has acquired Coachella's 154-unit Orchard Villas for $16.6 million. This addition aligns with Positive Investments' focus on multifamily properties in the Inland Empire.

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0.94x

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