Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires 638 The Strand In Hermosa Beach For $4.99M
638 The Strand, Hermosa Beach, CA, USA
$4,991,500
$3,081/SF
Building Size
1,620 SF
Asset Type
—
Closing
Apr 5, 2021
About this deal
AI
Located at 638 The Strand in Hermosa Beach Sand, this property is a residential apartment, condo, or single-family residence. The transaction took place on April 6, 2021. The property was listed on the market by Dave Caskey & Mike Aronski, who represented the buyer and seller in this deal.
Summary of transaction details:
- Property Type: Residential Apt / Condo / SFR
- Transaction Amount: $4,991,500
- Asking Price: $5,000,000
- Square Footage: 1,620
- Price per Square Foot: $3,081
The property was sold for $4,991,500, slightly below its asking price of $5,000,000. It spans a total area of 1,620 square feet, resulting in a price per square foot of $3,081. The transaction was facilitated by brokers Dave Caskey and Mike Aronski.
Players
Hermosa Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael (Mike) Aronski to view all their deals.
Browse California sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93