Jim Mendrin Sells Multifamily Asset At 1239 Beach Street Montebello For $2.59M

The asset involved in this transaction is a multifamily property located at 1239 Beach Street in the Montebello market. The property consists of 12 units with a total square footage of 9,194. The total sale price for the asset was $2,590,000, which translates to a price per unit of $215,833 and a price per square foot of $281.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,590,000
• Units: 12
• Square Footage: 9,194
• Price Per Unit: $215,833
• Price Per Square Foot: $281
• Seller: Jim Mendrin
• Transaction Date: 02/28/2025
• Broker Representatives: Eric Chen & Justino L. Fa’aola - CBRE

The transaction was facilitated by brokers Eric Chen and Justino L. Fa’aola, who represented the seller, Jim Mendrin, in this deal. Their involvement was crucial in coordinating the sale and navigating the complexities of the multifamily market in Montebello.