The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 17, 2018
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
The Bascom Group Spends $14 Mil on Torrance Multifamily Property


The Bascom Group has acquired Harvard Villa Apartments, a 64-unit, infill apartment community in the LA South Bay city of Torrance, for $14 mil ($219k/unit). Bascom views Harvard Villa as a strong value-add opportunity, and plans to implement a modern update to the unit interiors and property exterior.

Harvard Villa Apartments is located at 20341 Harvard Blvd, east of Western Ave and south of Del Amo Blvd. Built in 1965, the two-story property features a playground, BBQ area, laundry facilities and assigned parking.

Harvard Villa is less than five miles from the Pacific Ocean and located near several interstates that provide outstanding local and regional access, including Interstate 405, 110, 710, 105, and Pacific Coast Highway. Significant employers within a 30-minute commute from Harvard Villa include Honda North America, Boeing Satellite Systems, Raytheon, AT&T Entertainment Group, Harbor-UCLA Medical Center, Xerox, Mattel, and the Port of Los Angeles.

Toyota’s former 110-acre corporate campus, located a block from Harvard Villa, is currently being marketed for sale. Several major technology and automotive companies have been pursuing the site, including Amazon, Tesla, and Space X.

Hooman Emanuel of Emanuel Real Estate Group represented the seller, a long-time, private owner. Erich Pryor and Thomas Sherlock with Talonvest Capital arranged the $11.45 mil loan from TCF National Bank. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom.

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media