Updated Dec 18, 2023
Community Preservation Partners And Jonathan F.P. Rose Companies Acquire 180-Unit Multifamily Property In Torrance For $74M
3510 Maricopa Street, Torrance, CA 90503, USA
$74,000,000
$716/SF
Building Size
103,228 SF
Asset Type
MultiFamily
Closing
Feb 25, 2020
About this deal
AI
An affordable housing property located at 3510 Maricopa Street in Torrance has been sold in a recent transaction. The multifamily asset consists of 180 units and was sold for a price of $74,000,000. This equates to a per unit price of $411,111.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $74,000,000
- Units: 180
- Price per unit: $411,111
The buyer in this transaction was Community Preservation Partners represented by Anand Kannan, along with Jonathan Rose Companies represented by Jonathan F.P. Rose. The seller of the property was Affordable Housing Access.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93