Updated Oct 29, 2024
Akash Rohera Acquires Multifamily Property On Manhattan Beach Blvd For $6.1M
2120 Manhattan Beach Boulevard
$6,100,000
$724/SF
Building Size
8,420 SF
Asset Type
MultiFamily
Closing
Mar 28, 2023
About this deal
AI
A multifamily property located at 2118 & 2120 Manhattan Beach Blvd in the South Bay market has been sold in a recent transaction. The property consists of 10 units with a total square footage of 8,420. The sale price for this transaction was $6,100,000, resulting in a price per unit of $610,000 and a price per square foot of $724. The buyer of this property is Akash Rohera, while the seller is Coastline Real Estate Advisors. The transaction was facilitated by Austin Zahn from Austin Zahn Real Estate.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 10
- Price per Unit: $610,000
- Square Footage: 8,420
- Price per Square Foot: $724
- Market: South Bay
Akash Rohera successfully acquired the multifamily property located at 2118 & 2120 Manhattan Beach Blvd in the South Bay market. The seller, Coastline Real Estate Advisors, agreed to the sale, facilitated by Austin Zahn from Austin Zahn Real Estate. This deal demonstrates the continued activity and investment in the South Bay multifamily market.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93