Good Capital Group Acquires Tournament Patio Apartments From JS Bower Foundation For $21M In Torrance

The property involved in the transaction is a multifamily asset located at 4111 West 239th Street in Torrance, California. It spans 1.7 acres and comprises 60 units, with each unit averaging 1,023 square feet. The sale price for the property was $21,000,000, resulting in a price per unit of $350,000. The apartment complex was constructed in 1963 and offers a garden-style living environment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,000,000
• Address: 4111 West 239th Street
• Market: Torrance, CA
• Acres: 1.7
• Units: 60
• PPU: $350,000
• Buyer: Good Capital Group
• Seller: JS Bower Foundation
• Brokers: Derrek Ostrzyzek, Anna Kampling, Rachel Parsons, Kenji Thomas & Mike Murphy - CBRE

CBRE facilitated the arrangement of the sale, highlighting the involvement of multiple brokers in this transaction. The sale marks a significant transfer of ownership from the JS Bower Foundation to the Good Capital Group, showcasing the collaborative effort of the brokerage team in securing this deal.