Metropolitan Investments Acquires Multifamily Asset In Manhattan Beach For $8 Million

The transaction involved a multifamily asset located at 715 South Prospect Avenue in the Manhattan Beach market. The property consists of 11 units and has a total square footage of 9,435. The sale was completed for a price of $8,000,000, resulting in a price per unit of $727,272 and a price per square foot of $847.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Units: 11
• Square Footage: 9,435
• Price Per Unit: $727,272
• Price Per Square Foot: $847
• Buyer: Metropolitan Investments
• Seller: Pacific Apartment Homes
• Brokers: Mason Rowland & Ryan Rembert - KW Commercial

The deal featured Metropolitan Investments as the buyer and Pacific Apartment Homes as the seller, represented by brokers Mason Rowland and Ryan Rembert from KW Commercial, showcasing their role in facilitating the transaction.