Patricia Arlich Sells Torrance Multifamily Property For $4.225M With Brokers Kyle Soto Martin Ensbury And Brok Butcher
23870 Los Codona Avenue
$4,225,000
$359/SF
Building Size
11,738 SF
Asset Type
MultiFamily
Closing
Nov 6, 2024
AI
The property asset involved in this transaction is a multifamily building located at 23870 Los Codona Avenue in the Torrance market. The sale price of the property was $4,225,000, which translates to a price per unit of $234,722. The total square footage of the property is 11,738, resulting in a price per square foot of $359. The asset comprises 18 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,225,000
- Units: 18
- Price Per Unit: $234,722
- Square Footage: 11,738
- Price Per Square Foot: $359
- Seller: Patricia Arlich
- Brokers: Kyle Soto & Martin Ensbury - Lyon Stahl Investment Real Estate; Brok Butcher - Butcher Realty Inc.
The deal involved key representatives from Lyon Stahl Investment Real Estate and Butcher Realty Inc. Kyle Soto and Martin Ensbury represented the seller, Patricia Arlich, alongside Brok Butcher from Butcher Realty Inc. in this multifamily transaction.
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
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93