Updated Sep 9, 2024
James Capital Advisors Sells Multifamily Property In Redondo Beach For $5.1M
1710 Camino de la Costa, Redondo Beach, CA 90277, USA
$5,125,000
$91/SF
Building Size
56,300 SF
Asset Type
MultiFamily
Closing
Oct 19, 2020
About this deal
AI
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.
On the Map
$5,125,000
$91/SF
MultiFamily
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Players
Redondo Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.10%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93