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3517 Manhattan Avenue, Manh...

James Capital Advisors Facilitates $6M Sale Of Multifamily Property In Manhattan Beach
SOLDMultiFamily

James Capital Advisors Facilitates $6M Sale Of Multifamily Property In Manhattan Beach

3517 Manhattan Avenue, Manhattan Beach, CA 90266, USA

$6,000,000

$1,521/SF

Building Size

3,944 SF

Asset Type

MultiFamily

Closing

Oct 8, 2021

AI

Located at 3517 Manhattan Ave in Manhattan Beach, this multifamily property was recently sold in a closed transaction for $6,000,000. The property consists of 3 units, with a price per unit of $2,000,000. Spanning across 3,944 square feet, the price per square foot for this transaction was $1,521.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Address: 3517 Manhattan Ave
  • Market: Manhattan Beach
  • Units: 3
  • Price per Unit: $2,000,000
  • Square Footage: 3,944
  • Price per Square Foot: $1,521

The sale of this multifamily property was facilitated by brokers Anna Sporrong, John Katnik, Mike Hanassab, and Elliot Hassan of James Capital Advisors. Their expertise and representation played an instrumental role in closing this transaction.

Players

Anna Sporrong

Newmark

Broker

$74.6M

vol

4 deals

Broker

Hermosa Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93