James Capital Advisors Facilitates $6M Sale Of Multifamily Property In Manhattan Beach
SOLD
$6,000,000
+ 1
California
See Similar DealsMultiFamily3,944 SF
Sold 10/08/2021
SOLD
James Capital Advisors Facilitates $6M Sale Of Multifamily Property In Manhattan Beach
3517 Manhattan Avenue, Manhattan Beach, CA 90266, USA
See Similar DealsMultiFamily3,944 SF
Sold 10/08/2021
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,521
Total Square Footage:3,944 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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