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21010 Anza Avenue

Swami International Acquires Anza South Apartments In Torrance For $11.7 Million
SOLDMultiFamily

Swami International Acquires Anza South Apartments In Torrance For $11.7 Million

21010 Anza Avenue

$11,700,000

Building Size

Asset Type

MultiFamily

Closing

Oct 17, 2024

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:

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.

Players

Steffan Braunlich

Berkadia

Broker

$120.6M

vol

6 deals

Broker

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