facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

84500 52nd Ave, Coachella, ...

Updated Dec 5, 2024

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

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

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

$16,600,000

Units

154

Asset Type

MultiFamily

Closing

Aug 28, 2023

About this deal

AI

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.

On the Map

Open live map

$16,600,000

MultiFamily

View full map

Players

Positive Investments
Positive InvestmentsBrokerage
Positive Investments
Positive InvestmentsBuyer
Bilt advertisement

Coachella MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $107.8K per unit across 154 units on a published $16.6M (2023).

Visit Positive Investments to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets