CBRE has arranged the sale of Tournament Patio Apartments, a 60-unit multifamily community in Torrance, California, for $21 million. The transaction reflects pricing of $350,000 per unit for the garden-style property, which is located at 4111 West 239th Street.
The seller in the transaction was JS Bower Foundation. CBRE represented the seller, with a team comprising Derrek Ostrzyzek, Anna Kampling, Rachel Parsons, Kenji Thomas and Mike Murphy. The buyer was Good Capital Group.
Tournament Patio Apartments is a two-story, garden-style multifamily property situated on 1.76 acres in the South Bay submarket of Los Angeles County. The asset was originally built in 1963 and offers an average unit size of 1,023 square feet.
The community includes a mix of studio, two-bedroom and three-bedroom residences. On-site amenities include a swimming pool, a landscaped courtyard and outdoor gathering areas designed for resident use.
The property’s South Bay location places it within a broader Los Angeles County multifamily market that, according to CBRE Research, entered 2026 with occupancy of 95.3% in the first quarter. CBRE noted that this level of occupancy demonstrates continued resilience in renter demand across the Los Angeles multifamily sector.
The combination of mid-20th century construction, larger-than-average unit sizes and established amenities positions Tournament Patio Apartments as a stabilized community within its submarket. The $21 million closing and per-unit pricing provide a data point for multifamily investment benchmarks in Torrance and the surrounding South Bay area.
The transaction underscores ongoing investor interest in Southern California multifamily assets supported by strong occupancy metrics. Activity at Tournament Patio Apartments aligns with broader trends highlighted by CBRE Research, in which tenant demand has helped sustain high occupancy levels across the Los Angeles region as of early 2026.
