Koto Estates Co., LTD Acquires 121-Unit Multifamily Property In Torrance For $71.5M

The Highlands is a luxury multifamily property consisting of 121 units located at 25935 Rolling Hills Road in Torrance, CA. It was sold for $71.5 million, which translates to a price per unit of $590,909. The property has undergone a renovation worth $16.5 million, enhancing its value within the multifamily market of Torrance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $71,500,000
• Units: 121
• Price Per Unit: $590,909
• Buyer: Koto Estates Co., LTD
• Seller: Ocean Ten, LLC
• Buyer's Representative: Priscilla Nee & Yasuyuki Kojima - CBRE
• Seller's Representative: Eastdil Secured

Koto Estates Co., LTD was represented in this transaction by brokers Priscilla Nee and Yasuyuki Kojima from CBRE, while the seller, Ocean Ten, LLC, was advised by Eastdil Secured. The South Bay region, where the property is located, continues to show strong market dynamics characterized by low vacancy rates and increasing rental prices.