facebook

traded

+ Submit
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

1533 West 224th Street

Fred Freeman Buys Multifamily Property In Torrance For $1.3 Million With Cameron Samimi & David Messiah As Buyer's Reps
SOLDMultiFamily

Fred Freeman Buys Multifamily Property In Torrance For $1.3 Million With Cameron Samimi & David Messiah As Buyer's Reps

1533 West 224th Street

$1,300,000

$283/SF

Building Size

4,586 SF

Asset Type

MultiFamily

Closing

Nov 1, 2024

AI

The property asset involved in this transaction is a multifamily unit located at 1533 West 224th Street in Torrance. The sale price of the asset is $1,300,000, and it comprises 6 units. The total square footage is 4,586, resulting in a price per unit of $216,666 and a price per square foot of $283.

Summary of transaction details:

The key individuals involved in the transaction include Fred Freeman as the buyer and Young Lee as the seller. The buyer is represented by Cameron Samimi and David Messiah from Lyon Stahl Investment Real Estate, while the seller is represented by Taylor Avakian from The Group CRE.

Players

Cameron Samimi
Verified Badge

Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$141.4M

vol

51 deals

Broker
Matthews
Matthews Brokerage

Torrance MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93