Updated Sep 5, 2024
Carl Segal Properties Sells Condo On The Strand In Manhattan Beach For $6.78M
4112 The Strand, Manhattan Beach, CA, USA
$6,775,000
$2,656/SF
Building Size
2,550 SF
Asset Type
—
Closing
Sep 16, 2021
About this deal
AI
A 2,550 square foot condo located at 4112 The Strand in Manhattan Beach has been sold for $6,775,000. The property, represented by broker Carl Segal from Carl Segal Properties, is situated in a desirable location in Manhattan Beach. The condo offers luxurious living spaces and is located in a vibrant neighborhood.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,775,000
- Address: 4112 The Strand
- Market: Manhattan Beach
- Square Footage: 2,550 SF
- Price per Square Foot: $2,656
Carl Segal from Carl Segal Properties facilitated the sale of this stunning Manhattan Beach condo. The deal demonstrates the strong demand for luxury properties in the area and highlights the expertise of Carl Segal in the Manhattan Beach real estate market.
Players
Manhattan Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.34%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93