After it was last sold at the end of 2022, a 124-unit apartment property in Victorville is once again trading hands. According to public records, an entity tracing to Clear Capital acquired the Gold West Apartments for $15.5 million, or about $125,000 per unit. The seller in the transaction is Positive Investments.
Located at 15252 Seneca Road, the apartment complex was built in 1983 and consists of 30 apartment buildings totaling approximately 96,260 square feet. The buildings are located on nearly nine acres and contain a mix of one-, two- and three-bedroom apartment units. Amenities at the property include pools, a fitness center, patios and more, according to Rent.com.
The property is located off Interstate 15 and also sits near various retail amenities, including Cardenas Markets, Costco Wholesale, Stater Bros Markets and many others.
Industry reports show Positive Investments last acquired the property in September of last year for $12.5 million, or about $100,806 per unit. The Arcadia-based company is a real estate investment and property management company founded in 1976. Throughout the past year, Positive Investments has made a number of acquisitions throughout the Southern California region.
In one recent acquisition that closed on March 2, an entity linked to the firm purchased the Wildomar Senior Leisure Community – located at 32325 S. Pasadena St. in Wildomar – for $28.5 million, or about $100,352 per unit. The seller in the transaction was an entity tracing to William Craig Thralls.
Clear Capital was founded in 1996 and invests in multifamily properties across California, Arizona, Oregon, Colorado, Utah and Texas. Currently, the company’s portfolio consists of 32 properties with about 4,246 apartment units.