Sam Genie Purchases Condo From Jim McClusky In Hermosa Beach For $1.14M
SOLD
$1,140,000
California
See Similar DealsCondo1,750 SF
Sold 07/30/2024
SOLD
Sam Genie Purchases Condo From Jim McClusky In Hermosa Beach For $1.14M
447 Herondo Street
See Similar DealsCondo1,750 SF
Sold 07/30/2024
Summary
CALIFORNIA
Asset Type:Condo
Price Per Square Foot:$651
Total Square Footage:1,750 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,050.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,404.18
Annual Debt Service$64,850.18
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