Noam Srol Of Stock&Srol Capital Acquires Multifamily Asset In Redondo Beach For $3.6M

The property involved in the transaction is an 8-unit multifamily apartment community located at 2501 Mathews Avenue, Redondo Beach. The sale price of the asset was $3,600,000, with a price per unit of $450,000. The total square footage of the property is 7,560, resulting in a price per square foot of $476.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Units: 8
• Price Per Unit: $450,000
• Square Footage: 7,560
• Price Per Square Foot: $476
• Buyer: Noam Srol - Stock&Srol Capital
• Seller: Eli Patronas
• Buyer's Representative: Benj Lester - Kape Property Management
• Seller's Representative: John Katnik - BRC Advisors

Benj Lester and Noam Srolovitz with Kape Property Management represented Stock&Srol Capital in the acquisition of the property. John Katnik with BRC Advisors exclusively represented the seller. The building is expected to be leased and managed by Benj Lester and Noam Srolovitz, highlighting the active role they will take in its management post-transaction.