Updated Oct 28, 2024
Vivo Living Acquires Hotel In Torrance For $15.1M
4111 Lincoln Avenue, Torrance, CA, USA
$15,100,000
$304/SF
Building Size
49,640 SF
Asset Type
Hotel
Closing
Oct 4, 2021
About this deal
AI
An hotel located at 4111 Pacific Coast Hwy in Torrance has been sold for $15,100,000. The property spans across 49,640 square feet, with a price per square foot of $304. It consists of 92 keys, resulting in a price per key of $164,130.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $15,100,000
- Address: 4111 Pacific Coast Hwy
- Market: Torrance
- Square Footage: 49,640
- Price per Square Foot: $304
- Number of Keys: 92
- Price per Key: $164,130
The buyer, Vivo Living, was represented by Akash Rohero, Eli Soroudi, Dan Norville, and Brett Tanimoto. The seller of the property was Devang Patel. Sam Liberow acted as the buyer's representative in this transaction.
On the Map
$15,100,000
$304/SF
Hotel
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Players
Torrance Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93