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Eta Investments Acquires Multifamily Asset From Akash Rohera In Manhattan Beach For $3.9M

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SOLD
$3,900,000

California

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MultiFamily2,628 SF
Sold 02/06/2025
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Property Image
SOLD

Eta Investments Acquires Multifamily Asset From Akash Rohera In Manhattan Beach For $3.9M

220 14th Street

See Similar Deals
MultiFamily2,628 SF
Sold 02/06/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,484
Total Square Footage:2,628 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily asset located at 220 14th Street in Manhattan Beach. The sale price for this property was $3,900,000, consisting of 4 units with a price per unit of $975,000. The total square footage of the property is 2,628, resulting in a price per square foot of $1,484.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,900,000
  • Buyer: Eta Investments
  • Seller: Akash Rohera
  • Broker: Akash Rohera - Rohera Capital
  • Units: 4
  • Total Square Footage: 2,628
  • Price Per Unit: $975,000
  • Price Per Square Foot: $1,484

This transaction saw Akash Rohera representing himself as the broker through Rohera Capital, facilitating the sale to Eta Investments. The deal highlights the involvement of key individuals in the real estate market of Manhattan Beach, showcasing the dynamics between buyers and sellers in multifamily property transactions.

Players

Akash Rohera
3 deals$10M volume
BROKER

Details

SOLD
IMAGE: Akash Rohera DATE: 02/06/2025 ADDRESS: 220 14th Street MARKET: Manhattan Beach ASSET TYPE: Multifamily BUYER: Eta Investments SELLER: Akash Rohera BROKER: Akash Rohera - Rohera Capital (@RoheraCapital) SALE PRICE: $3,900,000 UNITS: 4 ~ PPU: $975,000 SF: 2,628 ~ PPSF: $1,484

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88