California Statewide Communities Development Authority & Standard Communities Acquire Multifamily Property In Hawthorne For $140M

Located at 12530 Crenshaw Boulevard in Hawthorne, this multifamily property was recently sold for a staggering $140,000,000. The transaction took place on January 26, 2022, and involved a total of 230 units. With a per-unit price of $608,695, this sale showcases the high value of this asset.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $140,000,000
• Address: 12530 Crenshaw Boulevard
• Market: Hawthorne

The buyers in this deal were the California Statewide Communities Development Authority and Standard Communities, represented by Scott Alter and Jeffrey Jaeger. On the other side, the seller was the Dinerstein Companies.

This significant transaction highlights the strong demand and investment potential in the multifamily market. It is a testament to the desirability and value of this property.