A rare transaction took place in the Hollywood Riviera of Redondo Beach, California. The property involved in this closed sale is a multifamily asset located at 1710-1712 Camino De La Costa. The sale price for this property was $5,125,000. The total square footage of the property is 5,630, resulting in a price per square foot of $910. This sale signifies a significant investment in the Redondo Beach market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,125,000
• Square Footage: 5,630
• Price Per Square Foot: $910
• Address: 1710-1712 Camino De La Costa, Redondo Beach
• Market: Redondo Beach

The transaction was facilitated by the following brokers: Anna Sporrong, John Katnik, Elliot Hassan, and Mike Hanassab, who represented James Capital Advisors. Their expertise and assistance played a crucial role in the successful completion of this deal.

It is important to note that this transaction stands out as a rare opportunity in the Hollywood Riviera of Redondo Beach, highlighting the desirability of the property and the confidence investors have in the local market.