Jeff Adkison & Steven Mullins Facilitate $13.89M Sale Of Hermosa Beach Multifamily

A 16-unit multifamily property at 60 15th Street in Hermosa Beach was sold for $13.89 million. The property is fully renovated and furnished, offering strong rental rates and extensive tenant amenities. Additionally, it features an assumable 3.08% interest-only loan maturing in 2030.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $13,887,500
• Units: 16
• Price per Unit: $867,969
• Square Footage: 7,903
• Price per Square Foot: $1,757
• Address: 60 15th Street
• Market: Hermosa Beach

Jeff Adkison from JLL represented the buyer, while Steven Mullins from Vista Sotheby's International Realty represented the seller in this transaction.