Scott Sieh Acquires Temple City Multifamily Asset From Jay Cheung For $10 Million

The property involved in this transaction is a multifamily asset located at 5931-5945 Cloverly Ave in Temple City. The sale price is $10,000,000, and the asset consists of 34 units. It has a total square footage of 26,800, resulting in a price per unit of $294,117 and a price per square foot of $373.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Units: 34
• Square Feet: 26,800
• Price per Unit: $294,117
• Price per Square Foot: $373
• Buyer: Scott Sieh
• Seller: Jay Cheung
• Broker: Han Widjaja Chen - Growth Investment Group

This transaction involved key individuals, with Scott Sieh acting as the buyer and Jay Cheung as the seller, facilitated by broker Han Widjaja Chen, representing Growth Investment Group in the deal.