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

Property Image
SOLD
$140,000,000

California

See Similar Deals
MultiFamily
Sold 01/26/2022
the dealdetailscomps
Property Image
SOLD

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

12530 Crenshaw Boulevard, Hawthorne, CA 90250

See Similar Deals
MultiFamily
Sold 01/26/2022
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

DC
Dinerstein Companies
SELLER

Details

SOLD
IMAGE: Jeffrey Jaeger & Scott Alter DATE: 01/26/2022 ADDRESS: 12530 Crenshaw Boulevard MARKET: Hawthorne ASSET TYPE: Multifamily BUYER: California Statewide Communities Development Authority & Standard Communities - Scott Alter & Jeffrey Jaeger SELLER: Dinerstein Companies SALE PRICE: $140,000,000 UNITS: 230 ~ PPU: $608,695

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