Updated Sep 9, 2024
Marcus & Millichap Facilitates $1.85M Sale Of Redondo Beach Multifamily Property On N Gertruda Ave
406 North Gertruda Avenue, Redondo Beach, CA 90277, USA
$1,850,000
$658/SF
Building Size
2,811 SF
Asset Type
MultiFamily
Closing
Dec 27, 2018
About this deal
AI
A multifamily property located at 406 N Gertruda Ave in Redondo Beach was recently sold for $1,850,000. The property consists of 5 units and has a total square footage of 2,811. The price per square foot for this transaction was approximately $658.36. The capitalization rate for this deal is 2.86% and the gross rent multiplier is 20.29.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 406 N Gertruda Ave, Redondo Beach
- Market: Redondo Beach
- Date: 12/28/2018
The sale of this multifamily property was facilitated by John Katnik, Michael Hanassab, and Elliot Hassan from Marcus & Millichap.
Players
Redondo 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93