Vince Reyes Purchases Multifamily Asset In Manhattan Beach For $2,135,000 With Will Joseph & Rachel Joseph As Buyer's Representatives
126 43rd Street
$2,135,000
$1,379/SF
Building Size
1,548 SF
Asset Type
MultiFamily
Closing
Jul 7, 2026
AI
The property asset involved in this transaction is a multifamily unit located at 126 43rd Street in Manhattan Beach. This asset features a total of 1,548 square feet and consists of 2 units, translating to a price per unit of $1,067,500 and a price per square foot of $1,379. The sale was finalized at a price of $2,135,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,135,000
- Units: 2
- Price Per Unit: $1,067,500
- Square Footage: 1,548
- Price Per Square Foot: $1,379
- Buyer: Vince Reyes
- Seller: Eliezer Gafni
- Buyer's Representative: Will Joseph & Rachel Joseph - Joseph Group
- Date of Transaction: 07/07/2026
This transaction highlights the engagement of Vince Reyes as the buyer and Eliezer Gafni as the seller, with representation provided by Will Joseph and Rachel Joseph from the Joseph Group for the buyer. This deal reflects the collaboration between these key players in the market for multifamily properties.
Players
Manhattan Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.43%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93