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CBRE Sells 11-Unit Multifamily In Torrance, California For $4.81M

Property Image
SOLD
$4,810,000
Daniel (Dan) Blackwell
Trey Mitchell

California

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MultiFamily
Sold 11/07/2023
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Property Image
SOLD

CBRE Sells 11-Unit Multifamily In Torrance, California For $4.81M

1751 Cabrillo Avenue

See Similar Deals
MultiFamily
Sold 11/07/2023
Daniel (Dan) Blackwell
Trey Mitchell
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

An 11-unit multifamily community located at 1751 Cabrillo Avenue in Torrance, California has been sold for $4.81 million. The property is situated in a desirable area known for its stability, rental growth potential, and convenient location. The buyer of the property will have the opportunity to renovate two units and increase rental prices.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $4,810,000
  • Units: 11
  • Price Per Unit: $437,273
  • Transaction Date: 11/07/2023
  • Market: Torrance
  • Brokers: Daniel Blackwell & Trey Mitchell - CBRE

The sale of this multifamily community was facilitated by the brokerage firm CBRE, represented by Daniel Blackwell and Trey Mitchell. Their involvement in the transaction highlights their expertise in the Torrance market and their ability to connect buyers and sellers in successful deals.

Players

Daniel (Dan) Blackwell
CBRE
Daniel Blackwell
61 deals$439.4M volume(949) 725-8655
BROKER
Trey Mitchell
CBRE
Trey Mitchell
4 deals$26.8M volume(949) 725-8519
BROKER

Details

SOLD
IMAGE: Daniel Blackwell & Trey Mitchell DATE: 11/07/2023 ADDRESS: 1751 Cabrillo Avenue MARKET: Torrance ASSET TYPE: Multifamily BROKERS: Daniel Blackwell (@MultiFamilySocal) & Trey Mitchell (@TreyS4g) - CBRE (@CBRE) SALE PRICE: $4,810,000 UNITS: 11 ~ PPU: $437,273 NOTE: CBRE has helped sell an 11-unit multifamily community in Torrance, California, for $4.81 million, highlighting the area's desirability due to its stability, rental growth potential, and location. The buyer has the opportunity to renovate two units and increase rents.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$256,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,088.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,801.85
Annual Debt Service$273,622.25