Updated Feb 25, 2025
Buckingham Investments Acquires Mixed-Use Property In Torrance, CA For $2.55M
1321 Sartori Avenue
$2,550,000
$235/SF
Building Size
10,845 SF
Asset Type
Mixed-use
Closing
Oct 27, 2022
About this deal
AI
The mixed-use property located at 1321 Sartori Ave in Torrance, CA has been sold in a recent transaction. The property spans a total of 10,845 square feet and was sold for $2,550,000, resulting in a price per square foot of $235. The transaction took place on 10/27/2022 and involved the buyer, Buckingham Investments, and the seller, Steven Torres.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,550,000
- Location: 1321 Sartori Ave, Torrance, CA
- Total Square Footage: 10,845
- Price Per Square Foot: $235
- Date of Transaction: 10/27/2022
Facilitating the transaction was Nick Day from RSI Real Estate Group, who represented both the buyer, Buckingham Investments, and the seller, Steven Torres. Day's expertise in the deal played a crucial role in ensuring a successful transaction for both parties involved.
Torrance Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93