Updated Dec 4, 2024
Sam Genie Purchases Condo From Jim McClusky In Hermosa Beach For $1.14M
447 Herondo Street
$1,140,000
$651/SF
Building Size
1,750 SF
Asset Type
Condo
Closing
Jul 30, 2024
About this deal
AI
The property involved in this transaction is a condo located at 447 Herondo Street in Hermosa Beach. The sale price for this asset was $1,140,000, and it encompasses a total square footage of 1,750, resulting in a price per square foot of $651.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,140,000
- Address: 447 Herondo Street
- Market: Hermosa Beach
- Square Footage: 1,750
- Price per Square Foot: $651
- Buyer: Sam Genie
- Seller: Jim McClusky
- Broker Representatives: Zac Freehling & Mike Matthias - Pacific Partners Real Estate Investments
The transaction involved key individuals, including the buyer, Sam Genie, and the seller, Jim McClusky. The brokerage firm facilitating the deal was Pacific Partners Real Estate Investments, represented by brokers Zac Freehling and Mike Matthias.
On the Map
$1,140,000
$651/SF
Condo
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Players
Hermosa Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $651 per square foot on a published $1.1M for 1,750 square feet (2024).
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Browse Hermosa Beach condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.91%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93