Noam Srol Of Stock&Srol Capital Purchases Multifamily Property From Steve Nelson For $3,205,000

The property asset involved in the transaction is a multifamily building located at 2622 Vanderbilt Lane in Redondo Beach. The sale price for this asset was $3,205,000, which includes a total of 9 units and spans a square footage of 5,540. The price per unit is calculated at $356,111, while the price per square foot is $578.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,205,000
• Units: 9
• Square Footage: 5,540
• Price Per Unit: $356,111
• Price Per Square Foot: $578
• Buyer: Noam Srol - Stock&Srol Capital
• Seller: Steve Nelson
• Broker: Benj Lester - Kape Property Management

Benj Lester and Noam Srolovitz with Kape Property Management, INC represented Stock&Srol Capital in the acquisition of the asset. This transaction was conducted off-market, highlighting the strategic partnership between the broker and both parties involved. The asset has a combination of rental stability and potential for improvement, alongside notable additional dwelling unit (ADU) opportunities. The management and leasing responsibilities for the building have been assigned to Benj Lester and Noam Srolovitz.