Updated Dec 4, 2024
Swami International Acquires Anza South Apartments In Torrance For $11.7 Million
21010 Anza Avenue
$11,700,000
Units
34
Asset Type
MultiFamily
Closing
Oct 17, 2024
About this deal
AI
The property involved in this transaction is the Anza South Apartments located at 21010 Anza Avenue in Torrance. This multifamily asset, constructed in 1964, consists of 34 residences with an average size of 1,121 square feet. The sale price for this property was $11,700,000, resulting in a price per unit of $344,118.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,700,000
- Units: 34
- Average Size: 1,121 square feet
- Address: 21010 Anza Avenue
- Market: Torrance
- Buyer's Representative: John Barbie - Bro-Deals
- Seller's Representatives: Steffan Braunlich & Trent Gardner - Berkadia
Berkadia facilitated the sale, with Swami International acquiring the property from Paladin Co. The transaction underscores the involvement of experienced representatives in the multifamily market in Torrance.
On the Map
$11,700,000
MultiFamily
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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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93