Suniel Khemlani Acquires Multifamily Asset At 625-627 South Wabash Avenue For $4.4M

The asset involved in this transaction is a multifamily property located at 625-627 South Wabash Avenue, Glendora, CA. The sale price of the property was $4,400,000, and it consists of 16 units. The total square footage for this property is 10,483, yielding a price per unit of $275,000 and a price per square foot of $419.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Buyer: Suniel Khemlani
• Seller: Larry Van Noy
• Buyer's Representative: Justino L. Fa’aola - SGV+ Multifamily
• Units: 16
• Square Feet: 10,483
• Price Per Unit: $275,000
• Price Per Square Foot: $419

Justino L. Fa’aola, representing the buyer, is part of SGV+ Multifamily, a boutique investment sales team that specializes in multifamily sales in the San Gabriel Valley area of LA County. Under his leadership, SGV+ Multifamily has successfully closed over $71,000,000 in exclusive multifamily inventory in the past 18 months.