Ling Cheng & Min Young Purchase Hermosa Beach Multifamily Asset From Hermosa Evergreen For $9M

725 5th Street, located in Hermosa Beach, is a multifamily asset comprising three adjacent buildings. The property sold for $9,000,000 and features a total of 12 units, with each unit offering spacious layouts of 1,200 square feet. The sale price per unit is $750,000, with a price per square foot of $611.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Buyer: Ling Cheng & Min Young
• Seller: Hermosa Evergreen
• Brokers: Christopher Bald & Cameron Samimi - Lyon Stahl Investment Real Estate
• Total Units: 12
• Square Footage: 14,718
• Price Per Unit: $750,000
• Price Per Square Foot: $611

Christopher Bald and Cameron Samimi represented the sellers, Hermosa Evergreen, in this transaction. The property features a 4-plex design, offering each unit ample space and is situated in a desirable market area in Hermosa Beach.