Will Joseph & Rachel Joseph Of Joseph Group Represent Buyer In $10.4M Hermosa Beach Multifamily Sale

The property involved in this transaction is located at 720 21st Street in Hermosa Beach. It consists of two 10-unit buildings, all two bedroom units, with ocean views. The total sale price for this multifamily asset was $10,400,000, providing a price per unit of $520,000. The total square footage of the property measures 14,008, resulting in a price per square foot of $742.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,400,000
• Units: 20
• Price Per Unit: $520,000
• Square Footage: 14,008
• Price Per Square Foot: $742
• Seller: Steven Vargas
• Buyer's Representative: Will Joseph & Rachel Joseph - Joseph Group

The transaction was facilitated by Will Joseph and Rachel Joseph, representing the buyer through the Joseph Group. This sale highlights the ongoing activity in the multifamily market within Hermosa Beach, with a focus on properties that offer ocean views and enhanced living experiences.