Eli Patronas Acquires Multifamily Property In Redondo Beach For $3.27M

Located at 2013 Rockefeller Ln. in Redondo Beach, this multifamily property was recently sold in a closed transaction. The sale took place on August 12, 2021, with a sale price of $3,270,000. The property consists of 10 units, with an average price per unit of $327,000. The total square footage of the property is 5,800, resulting in a price per square foot of $564. The Gross Rent Multiplier (GRM) for this transaction was 15.97x.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,270,000
• Units: 10
• Price per Unit: $327,000
• Square Footage: 5,800
• Price per Square Foot: $564
• Gross Rent Multiplier (GRM): 15.97x

Eli Patronas acquired the property from Marion Reeve. The transaction was facilitated by brokers Sebastian Barahal and Shane Young.