Antonios Papanikolaou Purchases Multifamily Property In Redondo Beach For $2.2M From Cameron Samimi
1902 Flagler Lane
$2,200,000
$465/SF
Building Size
4,724 SF
Asset Type
MultiFamily
Closing
Apr 14, 2026
AI
The asset involved in this transaction is a multifamily property located at 1902 Flagler Lane in the Redondo Beach market. The sale price of the property was $2,200,000, breaking down to $550,000 per unit across 4 units. The total square footage of the property is 4,724, resulting in a price per square foot of $465.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 4
- Price per Unit: $550,000
- Square Footage: 4,724
- Price per Square Foot: $465
- Buyer: Antonios Papanikolaou
- Seller: Cameron Samimi
- Seller's Representative: Cameron Samimi - Lyon Stahl Investment Real Estate
Key individuals in this transaction include Antonios Papanikolaou, the buyer, and Cameron Samimi, serving dual roles as both the seller and the seller's representative through Lyon Stahl Investment Real Estate. This highlights the involvement of a single broker in representing the seller in the transaction.
Players
Redondo 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93