Updated Dec 4, 2024
Rose Equities Acquires Multifamily Property From Optimus Properties In Torrance
2325 Crenshaw Boulevard
$30,600,000
$503/SF
Building Size
60,804 SF
Asset Type
MultiFamily
Closing
Jul 9, 2024
About this deal
AI
The multifamily property located at 2325 Crenshaw Boulevard in Torrance was sold for $30,600,000. Spanning 60,804 square feet, the property was acquired by Rose Equities from Optimus Properties. The sale price translated to approximately $503 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,600,000
- Buyer: Rose Equities
- Seller: Optimus Properties
- Brokers: Anthony Muhlstein, Chris Benton, Gabe Munson, Ken White & Kevin Shannon - Newmark
- Address: 2325 Crenshaw Boulevard
- Market: Torrance
The transaction was facilitated by a team of brokers from Newmark, including Anthony Muhlstein, Chris Benton, Gabe Munson, Ken White, and Kevin Shannon. They played integral roles in ensuring a successful deal for both the buyer and the seller.
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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93