Redondo Beach Multifamily Property Sold For $4.91 Million With Andrew Long Adam Peterson Dominique Shands As Brokers
SOLD
$4,910,000
California
See Similar DealsMultiFamily6,584 SF
Sold 11/21/2024
SOLD
Redondo Beach Multifamily Property Sold For $4.91 Million With Andrew Long Adam Peterson Dominique Shands As Brokers
125 North Broadway
See Similar DealsMultiFamily6,584 SF
Sold 11/21/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$745
Total Square Footage:6,584 SF
Transaction Type:Sale
The property asset involves a multifamily building located at 125 North Broadway in Redondo Beach. The sale occurred at a price of $4,910,000 for a total of 20 units. The building comprises a total square footage of 6,584, resulting in a price per unit of $245,500 and a price per square foot of $745.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,910,000
- Address: 125 North Broadway
- Market: Redondo Beach
- Units: 20
- Square Footage: 6,584
- Price Per Unit: $245,500
- Price Per Square Foot: $745
The transaction involved brokers Andrew Long, Adam Peterson, and Dominique Shands, who represented the parties in the deal from CBRE.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,444.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,275.90
Annual Debt Service$279,310.86
Is there something missing? Send suggestions