Updated Dec 4, 2024
Nabil Awada Of Matthews Real Estate Investment Services Represents Buyer In Redondo Beach Multifamily Sale For $14.04M
1321 Amethyst Street
$14,040,000
$419/SF
Building Size
33,440 SF
Asset Type
MultiFamily
Closing
Aug 5, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1301-03, 1305-07, 1312, 1315, 1319-21 Amethyst Street, situated in the Redondo Beach market. The transaction was completed for $14,040,000, encompassing a total of 8 properties with 32 units.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $14,040,000
- Number of Properties: 8
- Number of Units: 32
- Buyer's Broker: Nabil Awada - Matthews Real Estate Investment Services
- Date of Transaction: 08/06/2024
Nabil Awada, representing the buyer through Matthews Real Estate Investment Services, facilitated this multifamily asset transaction, demonstrating the brokerage's involvement in the deal without additional details on the buyer or seller provided.
On the Map
$14,040,000
$419/SF
MultiFamily
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Redondo Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93