Cityview And Stockbridge Capital Acquire Multifamily Property In Gardena For $22.3M

Cityview, in partnership with Stockbridge Capital, has acquired a multifamily property located at 12850 Crenshaw Boulevard in Gardena. The property was sold by Raven Construction for a total price of $22,300,000. The transaction took place on 02/09/2022. The asset consists of 235 units, with an average price per unit of $94,893.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,300,000
• Address: 12850 Crenshaw Boulevard
• Market: Gardena

The acquisition was led by Sean Burton representing Cityview, along with Terry Francher and Sol Raso representing Stockbridge Capital. Sean Burton is affiliated with Cityview, while Terry Francher and Sol Raso are affiliated with Stockbridge Capital. They acted as the respective representatives for Cityview and Stockbridge Capital in the transaction.