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
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