Cromer Mcguinness Revocable Living Trust Sells 31-Unit Multifamily At 300 Palos Verdes Boulevard For $14.4M
SOLD
$14,400,000
California
See Similar DealsMultiFamily25,654 SF
Sold
SOLD
Cromer Mcguinness Revocable Living Trust Sells 31-Unit Multifamily At 300 Palos Verdes Boulevard For $14.4M
300 Palos Verdes Boulevard
See Similar DealsMultiFamily25,654 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$561
Total Square Footage:25654 SF
Transaction Type:Sale
This multifamily property is located at 300 Palos Verdes Boulevard in Redondo Beach and has a total of 31 units. The asset encompasses 25,654 square feet, with a sale price of $14,400,000, translating to a price per unit of $464,516 and a price per square foot of $561.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,400,000
- Units: 31
- Square Footage: 25,654
- Price Per Unit: $464,516
- Price Per Square Foot: $561
- Seller: Cromer Mcguinness Revocable Living Trust - Wayne Cromer
- Brokers: Gianluca Jacoli & Jonathan Nikfarjam - Shield Commercial Real Estate
Luca Jacoli and Jonathan Nikfarjam represented both the Buyer and Seller in this transaction, facilitating the sale of the multifamily property situated in the heart of south Redondo’s Hollywood Riviera.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Similar News
No recent news available for this market
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Listings
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$768,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,160.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,263.35
Annual Debt Service$819,160.16
Is there something missing? Send suggestions