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
Torrance MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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