Updated Dec 21, 2023
Multifamily Property In Manhattan Beach, CA Sold For $19.2M
508 The Strand, Manhattan Beach, California, USA
$19,200,000
$4,844/SF
Building Size
3,963 SF
Asset Type
MultiFamily
Closing
Oct 14, 2021
About this deal
AI
The multifamily property located at 508 the Strand in Manhattan Beach, CA has been sold in a closed transaction. The sale took place on October 15, 2021. The property spans a total of 3,963 square feet and was sold for a price of $19,200,000. The price per square foot for this transaction was $4,845.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,200,000
No additional information regarding the property or the transaction was provided.
The multifamily sale at 508 The Strand, Manhattan Beach, California, USA in Manhattan Beach, California sold for $19.2M in 2021. The building is 3,963 square feet, implying about 4.8K per square foot on the published price. This page is the Manhattan Beach, California file for the 508 The Strand, Manhattan Beach, California, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Manhattan Beach sit in the Market section below. Filter that Manhattan Beach multifamily set by closing date to see what else sold near 508 The Strand, Manhattan Beach, California, USA around 2021. Published consideration for 508 The Strand, Manhattan Beach, California, USA is $19.2M, dated 2021. Cite this Multifamily Property In Manhattan Beach, CA Sold For $19.2M sale when underwriting similar multifamily product around Manhattan Beach, California.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93