Institutional Property Advisors Brokers Inland Empire Multifamily Sale
August 03, 2026
POMONA, Calif., Aug. 3, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of Terramonte at Foothill, a 138-unit multifamily asset in Pomona, California. The $36.7 million sales price represents $265,942 per unit.
“The sale is one of only four 100-plus-unit, market-rate multifamily transactions to have occurred in Pomona over the last five years,” said Kevin Green IPA executive director. Green, Chris Zorbas, Joseph Grabiec, Alexander Garcia Jr., and Greg Harris of IPA represented the seller Positive Investments, and procured the buyer, Sack Capital Partners.
The property is located on Foothill Boulevard/State Route 66 off State Route 210, near Interstate 10. These freeways, and the nearby Montclair TransCenter, Pomona Transit Center, and Pomona-North Metrolink station give residents transportation options to employment centers in Los Angeles and throughout the Inland Empire. California State Polytechnic University, Pomona, the University of La Verne, Western University of Health Sciences, and the Claremont Colleges surround the property.
Built in 1963 on over nine acres and renovated between 2012 and 2023, Terramonte at Foothill has two swimming pools, sundecks, a spa, fitness center, barbecue pavilion, co-working space, and garages. The unit mix is 70% two-bedroom units, plus studios and one- and three-bedroom apartments. The average unit size is 910 square feet.
“The sale is one of only four 100-plus-unit, market-rate multifamily transactions to have occurred in Pomona over the last five years,” said Kevin Green IPA executive director. Green, Chris Zorbas, Joseph Grabiec, Alexander Garcia Jr., and Greg Harris of IPA represented the seller Positive Investments, and procured the buyer, Sack Capital Partners.
The property is located on Foothill Boulevard/State Route 66 off State Route 210, near Interstate 10. These freeways, and the nearby Montclair TransCenter, Pomona Transit Center, and Pomona-North Metrolink station give residents transportation options to employment centers in Los Angeles and throughout the Inland Empire. California State Polytechnic University, Pomona, the University of La Verne, Western University of Health Sciences, and the Claremont Colleges surround the property.
Built in 1963 on over nine acres and renovated between 2012 and 2023, Terramonte at Foothill has two swimming pools, sundecks, a spa, fitness center, barbecue pavilion, co-working space, and garages. The unit mix is 70% two-bedroom units, plus studios and one- and three-bedroom apartments. The average unit size is 910 square feet.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.