Torrance Apartments Trade for $350K/Unit
CBRE facilitated the $21 million sale of Tournament Patio Apartments, a 60-unit multifamily community located at 4111 West 239th Street in Torrance, California. That comes out to $350,000 per unit.
CBRE’s Derrek Ostrzyzek, Anna Kampling, Rachel Parsons, Kenji Thomas and Mike Murphy represented the seller, JS Bower Foundation, in the transaction. The buyer was Good Capital Group.
Tournament Patio Apartments is a two-story garden-style multifamily property with 60 units on 1.76 acres in the South Bay submarket of Los Angeles County. Built in 1963, the property offers an average unit size of 1,023 square feet.
The property features a mix of studio, two-bedroom and three-bedroom units and offers amenities such as a pool, courtyard and outdoor gathering areas.
According to CBRE Research, the Los Angeles multifamily market entered 2026 with occupancy remaining strong at 95.3% in the first quarter, reflecting continued resilience in renter demand.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout