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17302 Yukon Avenue, Torranc...

Torrance Holdings LLC Acquires Multifamily Property In Torrance For $40.3M
SOLDMultiFamily

Torrance Holdings LLC Acquires Multifamily Property In Torrance For $40.3M

17302 Yukon Avenue, Torrance, California 90504, United States

$40,285,814

Building Size

Asset Type

MultiFamily

Closing

Mar 20, 2022

AI

The multifamily property located at 17302 & 17213 Yukon Ave. in Torrance has been sold for a total price of $40,285,814. The transaction took place on 03/21/2022. The property consists of 106 units, with a price per unit (PPU) of $380,054.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $40,285,814
  • Address: 17302 & 17213 Yukon Ave.
  • Market: Torrance
  • Units: 106
  • Price per Unit (PPU): $380,054

The buyer of the property is Torrance Holdings LLC, while the seller is Ray Pellegrino. The transaction was facilitated by Mason Rowland and Ryan Rembert from KW Commercial, who represented both the buyer and seller.

Players

Ryan Rembert

Keller Williams Realty

Broker

$230.8M

vol

11 deals

Broker

Ray Pellegrino

Seller

$132.7M

vol

4 deals

Seller

Torrance MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93