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Patricia Arlich Sells Torrance Multifamily Property For $4.225M With Brokers Kyle Soto Martin Ensbury And Brok Butcher

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SOLD
$4,225,000

California

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MultiFamily11,738 SF
Sold 11/06/2024
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Property Image
SOLD

Patricia Arlich Sells Torrance Multifamily Property For $4.225M With Brokers Kyle Soto Martin Ensbury And Brok Butcher

23870 Los Codona Avenue

See Similar Deals
MultiFamily11,738 SF
Sold 11/06/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$359
Total Square Footage:11,738 SF
Transaction Type:Sale

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:

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

Martin Ensbury
5 deals$40.6M volume(310) 880-0132
BROKER

Kyle Soto
Lyon Stahl Investment Real Estate
2 deals$6.2M volume(310) 896-6055
BROKER

Brok Butcher
1 deal$4.2M volume(310) 710-6387
BROKER

Keller Williams Realty
BROKERAGE

Details

SOLD
IMAGE: Kyle Soto, Martin Ensbury & Brok Butcher DATE: 11/06/2024 ADDRESS: 23870 Los Codona Avenue MARKET: Torrance ASSET TYPE: Multifamily SELLER: Patricia Arlich BROKERS: Kyle Soto & Martin Ensbury - Lyon Stahl Investment Real Estate (@LyonStahl); Brok Butcher - Butcher Realty Inc. SALE PRICE: $4,225,000 UNITS: 18 ~ PPU: $234,722 SF: 11,738 ~ PPSF: $359

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$225,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,010.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,028.66
Annual Debt Service$240,343.87