Jonathan Nikfarjam And GianLuca Jacoli Acquire Multifamily Property In Hermosa Beach For $5.75M

A multifamily property located at 538 8th Street in Hermosa Beach has been sold in a closed transaction. The property consists of 10 units with a total square footage of 9,083. The transaction price for this asset was $5,750,000, resulting in a price per square foot of $633.05. Each unit was sold at a price of $575,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,750,000
• Address: 538 8th Street
• Market: Hermosa Beach
• Square Footage: 9,083
• Price per Square Foot: $633.05
• Units: 10
• Price per Unit: $575,000

The transaction was facilitated by Jonathan Nikfarjam and GianLuca Jacoli from ShieldCRE.