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Investor Sells Alondra Park Apts. for $11 Million

Group Sells 68-Unit Complex in Torrance
By Courtney Murphy
February 22, 2008 | 1:06 P.M.

Zaffar Hassanally purchased the 68-unit Alondra Park at 3338 Redondo Beach Blvd. in Torrance, CA, from DMC Investment Group. Total consideration for the sale was $11 million, or about $161,765 per unit. A cap rate of 5.21 % was reported at the time of sale.

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