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23870 Los Codona Avenue

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

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:

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

Lyon Stahl Investment Real Estate

Broker

$40.6M

vol

5 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

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