Cromer Mcguinness Revocable Living Trust Sells 31-Unit Multifamily At 300 Palos Verdes Boulevard For $14.4M

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.