Updated Dec 21, 2023
Multifamily Property In Manhattan Beach, CA Sold For $9.9M
3901 Highland Ave, Manhattan Beach, California, USA
$9,900,055
$1,134/SF
Building Size
8,725 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
The multifamily property located at 3901 Highland Ave in Manhattan Beach, CA was recently sold on November 24, 2021. The property spans 8,725 square feet and was sold for a total price of $9,900,055, resulting in a price per square foot of $1,135.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,900,055
- Address: 3901 Highland Ave, Manhattan Beach, CA
- Market: Manhattan Beach, CA
- Square Footage: 8,725
- Price per Square Foot: $1,135
The sale of this multifamily property in Manhattan Beach was facilitated by the respective representatives involved in the deal.
Players
Manhattan Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93