Daniel Lemay Sells Multifamily Property At 528 The Strand In Hermosa Beach For $5,262,500

The property asset involved in the transaction is a multifamily building located at 528 The Strand in Hermosa Beach. The sale was closed at a price of $5,262,500. This building consists of 3 units and spans a total square footage of 2,300, resulting in a price per unit of $1,754,166 and a price per square foot of $2,288.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,262,500
• Address: 528 The Strand
• Market: Hermosa Beach
• Units: 3
• Price per Unit: $1,754,166
• Square Footage: 2,300
• Price per Square Foot: $2,288
• Seller: Daniel Lemay
• Buyer's Rep: Will Joseph - Joseph Group; Patrick Panzarella - Vista Sotheby's International Realty
• Seller's Rep: Neil Chhabria - Chhabria Real Estate Company

Key individuals in the transaction include the seller, Daniel Lemay, and the representatives involved in the deal. Will Joseph from Joseph Group and Patrick Panzarella from Vista Sotheby's International Realty represented the buyer, while Neil Chhabria from Chhabria Real Estate Company represented the seller.