Sebastien Hemmat Purchases Multifamily Asset At 2000 Carnegie Lane Redondo Beach For $2.35M

The property asset located at 2000 Carnegie Lane in Redondo Beach is a multifamily unit comprising 8 residential units. The total square footage of the property is 4,490, and it transacted for a sale price of $2,350,000, resulting in a price per unit of $293,750 and a price per square foot of $523.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,350,000
• Units: 8
• Square Footage: 4,490
• Price per Unit: $293,750
• Price per Square Foot: $523
• Buyer: Sebastien Hemmat
• Seller: Bruce A. Rische
• Broker: Jonathan Weir - Marcus & Millichap
• Date of Transaction: 04/16/2025

Sebastien Hemmat, at the age of 9, purchased the property as a cash flow investment aimed at funding his college tuition and future lifestyle. This transaction marks him as one of the youngest real estate investors to buy property in Redondo Beach history. The seller of the multifamily asset is Bruce A. Rische, and the broker representing the transaction is Jonathan Weir from Marcus & Millichap.