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CGI+ Sells Multifamily Development Site in Los Angeles’ South Bay to JPI for $40MM

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CGI Sells Torrance MF Site to JPI (Aerial)- Credit, AC Martin
Rendering courtesy of AC Martin
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Los Angeles (June 30, 2025) -- CGI+ Real Estate Strategies has sold a shovel-ready, 4.86-acre multifamily development site in Torrance, CA to JPI for $40 million. CGI+, a Los Angeles-based multifamily investment firm, acquired the property adjacent to The Harbor-UCLA Medical Center at S. Vermont Avenue near 220th Street in 2022.  After receiving entitlements for […]

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