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2120 Manhattan Beach Boulevard

Updated Oct 29, 2024

SOLDMultiFamily

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

Austin Zahn

Lyon Stahl Investment Real Estate

Broker

$13.7M

vol

2 deals

Broker

Akash Rohera

Buyer

$11.8M

vol

2 deals

Buyer
CA
Coastline Real Estate AdvisorsSeller

Redondo Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $724 per square foot on a published $6.1M for 8,420 square feet (2023).

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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

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