Listed by Berkadia Commercial Mortgage El Segundo
$11,500,000
Calle Mayor Apartments
Details
APN 7529-005-047,7529-005-048,7529-005-049,7529-005-050,7529-005-051
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,727
Units 29
Cap Rate 7.52%
Tenancy Multi
Pro-Forma Cap Rate 4.16%
Price per SqFt $409
Year Built 1963
Buildings 5
Acreage 0.980
Parking Spaces 58 spaces
Parking Per SqFt 1.95
Investment Type Value Add
4420-4446 Calle Mayor, Torrance, CA 90505
Marketing description
Calle Mayor Apartments is a rare five-property contiguous portfolio under single ownership for 60+ years — a legacy Don Wilson Builders' asset offered for the first time at a 4.16% current cap rate and 7.52% market cap rate with proven post renovation rents.
Investment highlights
- RARE FIVE-PROPERTY CONTIGUOUS PORTFOLIO — under single ownership for 60+ years — legacy Don Wilson Builders' asset offered for the first time at a 4.16% current cap rate and 7.52% market cap rate with proven post renovation rents.
- PRIVATE OUTDOOR SPACES ON 27 OF 29 UNITS — patios, rear yards, or sun decks, including approximately 16 units with generous 300 square-foot patios — driving rental premiums over competing inventory.
- 29 INDIVIDUAL GARAGES (ONE-CAR AND TWO-CAR) PLUS 29 TANDEM SPACES — one dedicated parking space per unit plus tandem, a premium amenity in the South Bay.
- PREMIER SCHOOL DISTRICT — directly adjacent to Calle Mayor Middle School (top 10% in California) and 0.3 miles from South High School (ranked in the top 7.3% of California high schools), both within Torrance Unified School District.
- CONSERVATIVE 9.5% RENT UPSIDE — with current rents averaging $2,236/month versus market rents of $2,425-$2,550 for two-bedroom units at stabilized market rents with minimal turnover expense.
- MULTIPLE EXIT STRATEGIES — sell as a single portfolio, as individual parcels, or as a sub-portfolio combination across five separate APNs.
Listing Contacts
Listed by Berkadia Commercial Mortgage El Segundo
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