Updated Dec 4, 2024
Coastline Real Estate Advisors Acquires Multifamily Portfolio In Redondo Beach For $7.64M
2102 Manhattan Beach Blvd, Redondo Beach, CA 90278, USA
$7,640,000
$46/SF
Building Size
164,790 SF
Asset Type
MultiFamily
Closing
Aug 13, 2020
About this deal
AI
A multifamily property located at 2102 Manhattan Beach Blvd, 2118 Manhattan Beach Blvd, 2120 Manhattan Beach Blvd, and 1714 Clark Ln in Redondo Beach has recently been sold. The property spans a total area of 16,479 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,640,000
- Price per Square Foot: $456
- Seller: Howard Joseph
- Buyer: @CoastlineRealEstateAdvisors
- Broker: Austin Zahn @Zahn_Properties – Lyon Stahl
Austin Zahn from Zahn Properties, a representative from Lyon Stahl, facilitated the transaction. For more information, interested parties can contact Austin directly at [email protected].
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
2.08%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93