Private Investor Acquires Torrance Multifamily For $49.5M

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.