facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

25935 Rolling Hills Rd, Tor...

Updated Oct 29, 2024

Private Investor Acquires Torrance Multifamily For $49.5M
SOLDMultiFamily

Private Investor Acquires Torrance Multifamily For $49.5M

25935 Rolling Hills Rd, Torrance, CA...

$49,500,000

Building Size

—

Asset Type

MultiFamily

Closing

Nov 20, 2023

About this deal

AI

The multifamily property located at 25935 Rolling Hills Road in Torrance, California, known as Rolling Hills Apartment Homes, was sold in a transaction for $49.5 million. The property, built in 1970 on two acres, comprises 107 apartments with a mix of one-bedroom, two-bedroom, and three-bedroom units. The average size of the units is 930 square feet. Community amenities include controlled access, covered parking, a clubhouse, pool, and spa.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $49,500,000.00
  • Address: 25935 Rolling Hills Rd, Torrance, CA
  • Market: Torrance
  • Buyer: Private Investor
  • Seller: Private Investor
  • Seller's Representatives: Matthew Kipp (Marcus & Millichap), Nick Kazemi (Marcus & Millichap)
  • Brokers: Kevin King (Marcus & Millichap)

The sale of Rolling Hills Apartment Homes was facilitated by a team of brokers including Tyler Leeson, Kevin King, Nick Kazemi, and Matthew Kip of Marcus & Millichap, as well as Joseph Grabiec, Kevin Green, and Greg Harris of Institutional Property Advisors, a division of Marcus & Millichap. The sellers and buyers were represented in the transaction by these professionals, highlighting the collaborative effort involved in closing the deal.

On the Map

Open live map

$49,500,000

MultiFamily

View full map

Players

Matthew Kipp

Marcus & Millichap

Broker

$449.3M

vol

14 deals

Broker
PI
Private InvestorSeller
Bilt advertisement

Torrance MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

Visit Nick Kazemi to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets