The sale of Ocean Breeze Apartments, a 33 unit apartment complex built in 1964 was recently recorded. The location of the property is 2435 W. 227th Street in Torrance, California. The sales price was $7,100,000, which equates to $215,152 per unit. The complex was 98% occupied at closing. The property had not changed ownership in over 34 years.
Mark Rein, in cooperation with Dave Barrette of Barrette Real Estate Investments in Torrance, CA represented the seller and Dave Barrette represented the buyer. For more information, contact Mark Rein at 480-214-9414.
Specializing in commercial real estate for over 20 years, Rein & Grossoehme is consistently recognized as a market leader in Arizona and provides services in retail leasing and sales, office leasing and sales, industrial leasing and sales, land and pads, self storage properties, multi-family properties, single tenant triple net leased properties, and tenant representation.