Nabil Awada Of Matthews Real Estate Investment Services Represents Buyer In Redondo Beach Multifamily Sale For $14.04M
SOLD
$14,040,000
California
See Similar DealsMultiFamily33,440 SF
Sold 08/05/2024
SOLD
Nabil Awada Of Matthews Real Estate Investment Services Represents Buyer In Redondo Beach Multifamily Sale For $14.04M
1321 Amethyst Street
See Similar DealsMultiFamily33,440 SF
Sold 08/05/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:33,440 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$748,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,881.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,556.76
Annual Debt Service$798,681.15
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