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Brian Erdmann & Chris Broadhurst Facilitate $2,255,000 Multifamily Sale In Redondo Beach

Property Image
SOLD
$2,255,000
Chris Broadhurst
Brian Erdmann

California

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MultiFamily4,716 SF
Sold 04/22/2024
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Property Image
SOLD

Brian Erdmann & Chris Broadhurst Facilitate $2,255,000 Multifamily Sale In Redondo Beach

2228 Nelson Avenue

See Similar Deals
MultiFamily4,716 SF
Sold 04/22/2024
Chris Broadhurst
Brian Erdmann
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$478
Total Square Footage:4,716 SF
Transaction Type:Sale

In Redondo Beach, a multifamily property located at 2228 Nelson Avenue was sold for $2,255,000. The property spans 4,716 square feet, resulting in a price per square foot of $478.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,255,000
  • Address: 2228 Nelson Avenue
  • Market: Redondo Beach

Brian Erdmann of Coldwell Banker represented the buyer, while Chris Broadhurst represented the seller in the transaction.

Players

Chris Broadhurst
Chris Broadhurst
1 deal$2.3M volume(310) 753-8871
BROKER
Brian Erdmann
Coldwell Banker
Brian Erdmann
1 deal$2.3M volume(773) 454-9068
BROKER

Details

SOLD
IMAGE: Brian Erdmann & Chris Broadhurst DATE: 04/22/2024 ADDRESS: 2228 Nelson Avenue MARKET: Redondo Beach ASSET TYPE: Multifamily BUYER'S REP: Brian Erdmann (@Brianlarealtor) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Chris Broadhurst (@Chrisbmb) SALE PRICE: $2,255,000 SF: 4,716 ~ PPSF: $478 NOTE: In Redondo Beach, a multifamily property located at 2228 Nelson Avenue was sold for $2,255,000, with a price per square foot of $478. Brian Erdmann of Coldwell Banker represented the buyer, while Chris Broadhurst represented the seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$8,011.55
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