CBRE Sells 11-Unit Multifamily In Torrance, California For $4.81M
1751 Cabrillo Avenue
$4,810,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 7, 2023
AI
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
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93