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1902 Flagler Lane

Antonios Papanikolaou Purchases Multifamily Property In Redondo Beach For $2.2M From Cameron Samimi
SOLDMultiFamily

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:

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

Cameron Samimi
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Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$152.5M

vol

56 deals

Broker

Antonios Papanikolaou

Buyer

$2.2M

vol

1 deal

Buyer

Cameron Samimi

Seller

$2.2M

vol

1 deal

Seller

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