SOLD
Flowing Streams LLC Acquires Multifamily Property In Pomona For $9.9M
3106 North Garey Avenue
MultiFamily
Sold 15 days ago
Summary
Sale
CALIFORNIA
MultiFamily
The North Garey Village Apartments in Pomona have been sold for $9.9 million. The 44-unit property, located at 3106 North Garey Avenue, features two-bedroom floorplans, single-car garages, on-site laundry, storage rooms, and select units with fireplaces. Constructed in 1963, the sale equates to a price per unit of $225,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,900,000
- Units: 44
- Address: 3106 North Garey Avenue
- Market: Pomona
Douglas McCauley and David Covarrubias of Marcus & Millichap's Inland Empire office played pivotal roles in this transaction. They represented the seller, Kot and Offenbecher Trust, and successfully secured the buyer, Flowing Streams LLC, accomplishing the closing within a swift 28 days. The property's sale was efficiently facilitated by these experienced brokers.
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3
Agents
2
Agencies
1
Details
SOLD
IMAGE: 05/02/2024
ADDRESS: 3106 North Garey Avenue
MARKET: Pomona
ASSET TYPE: Multifamily
BUYER: Flowing Streams LLC
SELLER: Kot and Offenbecher Trust
BROKER: Douglas McCauley & David Covarrubias - Marcus & Millichap
SALE PRICE: $9,900,000
UNITS: 44 ~ PPU: $225,000
NOTE: Marcus & Millichap facilitated the $9.9 million sale of North Garey Village Apartments, a 44-unit property in Pomona. Douglas McCauley and David Covarrubias from Marcus & Millichap's Inland Empire office represented the seller, Kot and Offenbecher Trust, and also secured the buyer, Flowing Streams LLC, closing the transaction within 28 days. The property, constructed in 1963, features 11 apartment buildings with two-bedroom floorplans, single-car garages, on-site laundry, storage rooms, and select units with fireplaces.View on map
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Address3106 North Garey Avenue
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