John Vilenica Purchases Multifamily Asset From Randy Furtado In Redondo Beach For $2.2M
2615 Curtis Avenue
$2,200,000
$432/SF
Building Size
5,088 SF
Asset Type
MultiFamily
Closing
Sep 4, 2025
AI
The property asset involved in the transaction is a multifamily unit located at 2615 Curtis Avenue in Redondo Beach. The sale price of the property was $2,200,000, and it consists of 5 units with a total square footage of 5,088. The price per unit is $440,000, and the price per square foot is $432.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 5
- Price Per Unit: $440,000
- Square Footage: 5,088
- Price Per Square Foot: $432
- Buyer: John Vilenica
- Seller: Randy Furtado
- Brokers: Christopher Bald & Cameron Samimi - Lyon Stahl Investment Real Estate
The transaction was facilitated by Christopher Bald and Cameron Samimi, who represented the buyer and seller, respectively, through their agency, Lyon Stahl Investment Real Estate. Their involvement highlights the collaborative effort in closing this multifamily real estate deal in the competitive Redondo Beach market.
Players
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93